https://www.taxtmi.com/caselaws?id=788217 Electricity wheeled out from a co-generation plant qualifies as exempted goods for the purposes of Rule 6, but Rule 6 liability attaches only where common inputs or input services are used for both dutiable goods and that exempted electricity. Reversal of proportionate CENVAT credit under the statutory formula in Rule 6(3A) fulfils the Rule 6 obligation and precludes alternate percentage payment under Rule 6(3)(i). Failure to timely intimate exercise of the option under Rule 6(3A) is a procedural lapse that does not defeat substantive reversal where reversal has been made. Demands issued beyond the statutory limitation period are time-barred and related penalties are unsustainable. en-us Wed, 18 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 15:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788217 Electricity wheeled out from a co-generation plant qualifies as exempted goods for the purposes of Rule 6, but Rule 6 liability attaches only where common inputs or input services are used for both dutiable goods and that exempted electricity. Reversal of proportionate CENVAT credit under the statutory formula in Rule 6(3A) fulfils the Rule 6 obligation and precludes alternate percentage payment under Rule 6(3)(i). Failure to timely intimate exercise of the option under Rule 6(3A) is a procedural lapse that does not defeat substantive reversal where reversal has been made. Demands issued beyond the statutory limitation period are time-barred and related penalties are unsustainable. Case-Laws Central Excise Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788217