2011 (4) TMI 950

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.... Advocate, for the Respondent. [Judgment per : N. Kumar, J.]. - The revenue has preferred this appeal challenging the order passed by the Tribunal, holding that when the credit attributable to the inputs used in the exempted product is reversed, then there would not be any need for reversal of 8% of the sale value of the exempted products. 2. The assessee is a manufacture of pig iron. The....

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.... was admitted to consider the following substantial questions of law : "Whether the assessee was entitled to the benefit of CESTAT credit while admittedly the assessee has not maintained the accounts as stipulated under Rule 6 of the CENVAT Credit Rules?" 4. In the course of pendency of this appeal, Finance Act, 2010 amended Rule 6 of Cenvat Credit Rules, 2001 and gave retrospective effect ....