https://www.taxtmi.com/caselaws?id=769271 CESTAT Chandigarh allowed the appeal involving CENVAT credit reversal under Rule 6(3) of Cenvat Credit Rules, 2004. The appellant manufactured both dutiable and exempted goods without maintaining separate accounts. The tribunal held that appellant's proportionate reversal of Rs.14,683.70 under Rule 6(3A) satisfied legal requirements, benefiting from retrospective amendment via Finance Act 2010. Extended limitation period was rejected as no suppression or fraud was established, and appellant reversed credit before audit objections. The demand of Rs.1,79,25,988 with interest and penalty was set aside. en-us Tue, 22 Apr 2025 00:00:00 +0530 Tue, 22 Apr 2025 14:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769271 CESTAT Chandigarh allowed the appeal involving CENVAT credit reversal under Rule 6(3) of Cenvat Credit Rules, 2004. The appellant manufactured both dutiable and exempted goods without maintaining separate accounts. The tribunal held that appellant's proportionate reversal of Rs.14,683.70 under Rule 6(3A) satisfied legal requirements, benefiting from retrospective amendment via Finance Act 2010. Extended limitation period was rejected as no suppression or fraud was established, and appellant reversed credit before audit objections. The demand of Rs.1,79,25,988 with interest and penalty was set aside. Case-Laws Central Excise Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769271