https://www.taxtmi.com/caselaws?id=469256 Reversal of proportionate CENVAT credit with interest was treated as sufficient compliance to satisfy the condition for exemption under Notification No. 1/2011-CE, so denial of the exemption was unsustainable. For Rule 6(3A), only common input service credit attributable to exempted clearances could be reversed, and the quantification basis had to be disclosed and verifiable; because the method was not put to the assessee and the computation required verification, the confirmed demand could not stand as framed. The demand, interest and penalty were set aside, and the matter was remanded for de novo adjudication after giving a reasonable opportunity of hearing. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 11 Jun 2026 19:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469256 Reversal of proportionate CENVAT credit with interest was treated as sufficient compliance to satisfy the condition for exemption under Notification No. 1/2011-CE, so denial of the exemption was unsustainable. For Rule 6(3A), only common input service credit attributable to exempted clearances could be reversed, and the quantification basis had to be disclosed and verifiable; because the method was not put to the assessee and the computation required verification, the confirmed demand could not stand as framed. The demand, interest and penalty were set aside, and the matter was remanded for de novo adjudication after giving a reasonable opportunity of hearing. Case-Laws Central Excise Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469256