https://www.taxtmi.com/highlights?id=60476 CENVAT Credit - common input services for taxable as well as exempt goods - The demand of the duty amount calculated @ 5% or 10% of the exempted value cannot be made even though the assessee has not followed the prescribed procedures - there is no legal provision under which an amount equal to 5% or 10% of the value of the exempted goods can be recovered. The reason is that payment of an amount of 5% or 10% is one of the choices under Rule 6 and is not a mandatory payment. This choice cannot be foisted upon the appellant nor can such an amount be recovered under Rule 14. - AT en-us Sat, 13 Nov 2021 20:39:35 +0530 Sat, 13 Nov 2021 20:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60476 CENVAT Credit - common input services for taxable as well as exempt goods - The demand of the duty amount calculated @ 5% or 10% of the exempted value cannot be made even though the assessee has not followed the prescribed procedures - there is no legal provision under which an amount equal to 5% or 10% of the value of the exempted goods can be recovered. The reason is that payment of an amount of 5% or 10% is one of the choices under Rule 6 and is not a mandatory payment. This choice cannot be foisted upon the appellant nor can such an amount be recovered under Rule 14. - AT Highlights Central Excise Sat, 13 Nov 2021 20:39:35 +0530 https://www.taxtmi.com/highlights?id=60476