https://www.taxtmi.com/caselaws?id=54663 Rule 6 of the Cenvat Credit Rules, 2002 permits a manufacturer using common inputs for dutiable and exempted final products either to maintain separate accounts or, alternatively, to forgo that route and pay 8% of the price of exempted clearances. Once the statutory option under Rule 6(3) is validly exercised, the manufacturer remains within the credit scheme and credit cannot be denied merely by insisting on Rule 6(2) alone. On that basis, denial of Cenvat credit was found unsustainable and the assessee's appeal succeeded. en-us Tue, 06 Sep 2005 00:00:00 +0530 Sat, 20 Apr 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54663 Rule 6 of the Cenvat Credit Rules, 2002 permits a manufacturer using common inputs for dutiable and exempted final products either to maintain separate accounts or, alternatively, to forgo that route and pay 8% of the price of exempted clearances. Once the statutory option under Rule 6(3) is validly exercised, the manufacturer remains within the credit scheme and credit cannot be denied merely by insisting on Rule 6(2) alone. On that basis, denial of Cenvat credit was found unsustainable and the assessee's appeal succeeded. Case-Laws Central Excise Tue, 06 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54663