https://www.taxtmi.com/caselaws?id=753336 CESTAT Mumbai allowed the assessee's appeal regarding reversal of proportional credit on clearance of medical grade oxygen. The Revenue demanded credit reversal due to non-maintenance of separate records under Rule 6 of CENVAT Credit Rules, 2004. Following Mercedes Benz India precedent, the Tribunal held that Rule 6 aims to prevent illegal credit availment for exempted goods, not extract illegal amounts. The recovery cannot exceed actual CENVAT credit attributable to inputs used in exempted goods. The impugned order was set aside as meritless. en-us Fri, 17 May 2024 00:00:00 +0530 Thu, 30 May 2024 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753336 CESTAT Mumbai allowed the assessee's appeal regarding reversal of proportional credit on clearance of medical grade oxygen. The Revenue demanded credit reversal due to non-maintenance of separate records under Rule 6 of CENVAT Credit Rules, 2004. Following Mercedes Benz India precedent, the Tribunal held that Rule 6 aims to prevent illegal credit availment for exempted goods, not extract illegal amounts. The recovery cannot exceed actual CENVAT credit attributable to inputs used in exempted goods. The impugned order was set aside as meritless. Case-Laws Central Excise Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753336