2008 (6) TMI 467

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Rajadas, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - After examining the records and hearing both sides, we note that the Commissioner has demanded an amount of over Rs. 63 lakhs for the period Jan'06 to June'07 under Rule 6(3)(b) of the Cenvat Credit Rules, 2004, being 10% of the sale price of the exempted products viz. rectified spirit etc. cleared from the factory. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....emand. Ld. counsel has submitted that the Rule has since been amended to incorporate the correct formula. Accordingly, Cenvat credit attributable to exempted final products is equal to E x G   F   where E = total value of exempted goods manufactured   F = total value of dutiable and exempted goods and G = total Cenvat credit taken on input serv....