https://www.taxtmi.com/caselaws?id=54536 For the period before Rule 6 introduced reversal at 8% of the value of exempted goods, an assessee using common inputs for dutiable and exempted goods was required to reverse only the actual credit taken on those inputs. The Board circular governing that period supported reversal only to the extent of credit availed, and the later rule could not be applied retrospectively. As no machinery existed in that earlier period to demand the higher amount, the Revenue's challenge failed and the finding on actual-credit reversal was sustained. en-us Fri, 05 Aug 2005 00:00:00 +0530 Wed, 20 Oct 2010 16:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54536 For the period before Rule 6 introduced reversal at 8% of the value of exempted goods, an assessee using common inputs for dutiable and exempted goods was required to reverse only the actual credit taken on those inputs. The Board circular governing that period supported reversal only to the extent of credit availed, and the later rule could not be applied retrospectively. As no machinery existed in that earlier period to demand the higher amount, the Revenue's challenge failed and the finding on actual-credit reversal was sustained. Case-Laws Central Excise Fri, 05 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54536