https://www.taxtmi.com/caselaws?id=54833 Fuel expressly excluded from the Cenvat credit reversal restriction under Rule 6 meant furnace oil used as fuel could not trigger reversal under Rule 6(3)(b). For sulphuric acid, separate accounts were maintained and no credit was taken on the quantity used for exempted pulp, so the statutory conditions for reversal were not met. The valuation basis for the 8% demand was also incorrect because the computation was made under Rule 9 of the Central Excise Valuation Rules, whereas the facts required application of Rule 8. The demand and penalty were therefore set aside and the assessee succeeded. en-us Mon, 17 Oct 2005 00:00:00 +0530 Fri, 22 Oct 2010 11:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54833 Fuel expressly excluded from the Cenvat credit reversal restriction under Rule 6 meant furnace oil used as fuel could not trigger reversal under Rule 6(3)(b). For sulphuric acid, separate accounts were maintained and no credit was taken on the quantity used for exempted pulp, so the statutory conditions for reversal were not met. The valuation basis for the 8% demand was also incorrect because the computation was made under Rule 9 of the Central Excise Valuation Rules, whereas the facts required application of Rule 8. The demand and penalty were therefore set aside and the assessee succeeded. Case-Laws Central Excise Mon, 17 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54833