https://www.taxtmi.com/caselaws?id=753689 CESTAT Ahmedabad dismissed Revenue's appeal regarding liability to pay 5%/10% of exempted goods value under Rule 6(i) of Cenvat Credit Rules, 2004 for non-maintenance of separate records. The appellant had already paid proportionate credit under Rule 6(3A) with interest for delays. Following established precedent including Tribunal's own order in appellant's case, the court held that when proportionate Cenvat Credit is reversed with interest paid for delayed reversal, the 5%/10% demand under Rule 6(3)(i) cannot be sustained. The Adjudicating Authority's order was upheld as proper and legal. en-us Thu, 16 May 2024 00:00:00 +0530 Fri, 07 Jun 2024 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753689 CESTAT Ahmedabad dismissed Revenue's appeal regarding liability to pay 5%/10% of exempted goods value under Rule 6(i) of Cenvat Credit Rules, 2004 for non-maintenance of separate records. The appellant had already paid proportionate credit under Rule 6(3A) with interest for delays. Following established precedent including Tribunal's own order in appellant's case, the court held that when proportionate Cenvat Credit is reversed with interest paid for delayed reversal, the 5%/10% demand under Rule 6(3)(i) cannot be sustained. The Adjudicating Authority's order was upheld as proper and legal. Case-Laws Central Excise Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753689