https://www.taxtmi.com/caselaws?id=54034 Rule 57AG(2) required reversal of Cenvat credit where a manufacturer opted for exemption on goods covered by the notification, but the rule could not be applied as a blanket reversal to all common inputs in a mixed-manufacture situation. Here, only one category of paper was exempted while other paper products continued to be cleared on duty, and the assessee used common inputs across exempted and dutiable goods. Because credit was already being reversed to the extent relatable to exempt clearances, the demand for reversal on inputs lying in stock and contained in finished goods was held unsustainable and set aside. en-us Wed, 04 May 2005 00:00:00 +0530 Sat, 16 Oct 2010 14:59:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54034 Rule 57AG(2) required reversal of Cenvat credit where a manufacturer opted for exemption on goods covered by the notification, but the rule could not be applied as a blanket reversal to all common inputs in a mixed-manufacture situation. Here, only one category of paper was exempted while other paper products continued to be cleared on duty, and the assessee used common inputs across exempted and dutiable goods. Because credit was already being reversed to the extent relatable to exempt clearances, the demand for reversal on inputs lying in stock and contained in finished goods was held unsustainable and set aside. Case-Laws Central Excise Wed, 04 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54034