https://www.taxtmi.com/highlights?id=79584 Reversal of Cenvat credit proportionate to input service used for exempted goods along with interest is a valid option u/r 6(3) of Cenvat Credit Rules, 2004, and Revenue cannot insist on payment of 10% amount of value of exempted goods when assessee has opted for reversal with interest. Tribunal properly acted as appellate authority u/s 35C of Central Excise Act, 1944, and no substantial question of law arises from its order. en-us Mon, 22 Jul 2024 08:38:03 +0530 Mon, 22 Jul 2024 08:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79584 Reversal of Cenvat credit proportionate to input service used for exempted goods along with interest is a valid option u/r 6(3) of Cenvat Credit Rules, 2004, and Revenue cannot insist on payment of 10% amount of value of exempted goods when assessee has opted for reversal with interest. Tribunal properly acted as appellate authority u/s 35C of Central Excise Act, 1944, and no substantial question of law arises from its order. Highlights Central Excise Mon, 22 Jul 2024 08:38:03 +0530 https://www.taxtmi.com/highlights?id=79584