https://www.taxtmi.com/caselaws?id=442156 The Tribunal dismissed the Revenue's appeal, finding no suppression of facts by the assessee and setting aside the extended period demand. The Tribunal also held that the demand for payment of 10%/5% of the value of exempted goods was incorrect, emphasizing that proportionate reversal of credit with interest complies with Rule 6(3) of the Cenvat Credit Rules, 2004. The matter was remanded to the Adjudicating Authority for verification during the normal limitation period. en-us Thu, 24 Aug 2023 00:00:00 +0530 Sat, 26 Aug 2023 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442156 The Tribunal dismissed the Revenue's appeal, finding no suppression of facts by the assessee and setting aside the extended period demand. The Tribunal also held that the demand for payment of 10%/5% of the value of exempted goods was incorrect, emphasizing that proportionate reversal of credit with interest complies with Rule 6(3) of the Cenvat Credit Rules, 2004. The matter was remanded to the Adjudicating Authority for verification during the normal limitation period. Case-Laws Central Excise Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442156