https://www.taxtmi.com/caselaws?id=767568 CENVAT credit on furnace oil used as fuel in the manufacture of exempted goods was held reversible under Rule 6(1), even though fuel was outside the special accounting mechanism in Rule 6(2). The Tribunal accepted pro-rata reversal on the basis of actual use for exempt production. On limitation, the extended period could not be invoked because the dispute involved debatable credit-reversal issues, the assessee maintained records of furnace oil consumption, and the relevant particulars were disclosed to the department; suppression, misstatement, or intent to evade were not established. A limited remand was directed only to verify the reversal claimed and the supporting books and records before fresh quantification. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767568 CENVAT credit on furnace oil used as fuel in the manufacture of exempted goods was held reversible under Rule 6(1), even though fuel was outside the special accounting mechanism in Rule 6(2). The Tribunal accepted pro-rata reversal on the basis of actual use for exempt production. On limitation, the extended period could not be invoked because the dispute involved debatable credit-reversal issues, the assessee maintained records of furnace oil consumption, and the relevant particulars were disclosed to the department; suppression, misstatement, or intent to evade were not established. A limited remand was directed only to verify the reversal claimed and the supporting books and records before fresh quantification. Case-Laws Central Excise Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767568