https://www.taxtmi.com/caselaws?id=31131 Where Cenvat credit taken on a common input used in both dutiable and exempted final products is fully reversed, that reversal is treated as equivalent to non-availment of credit, and the amount prescribed under Rule 6(3)(b) for common-input use cannot be demanded. The demand arose because separate accounts were not maintained for Furnace Oil used in both streams, but the full reversal of the relatable credit neutralised the statutory consequence. On that basis, the impugned demand and penalty were set aside and the assessee succeeded. en-us Thu, 27 Sep 2007 00:00:00 +0530 Sun, 19 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31131 Where Cenvat credit taken on a common input used in both dutiable and exempted final products is fully reversed, that reversal is treated as equivalent to non-availment of credit, and the amount prescribed under Rule 6(3)(b) for common-input use cannot be demanded. The demand arose because separate accounts were not maintained for Furnace Oil used in both streams, but the full reversal of the relatable credit neutralised the statutory consequence. On that basis, the impugned demand and penalty were set aside and the assessee succeeded. Case-Laws Central Excise Thu, 27 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31131