2013 (11) TMI 1117

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.... Heard both sides and perused the records. 2. The applicants are engaged in the manufacture of 100% cotton yarn. During the period 7.12.2008 to 6.7.2009, they cleared the goods at nil rate of duty under Notification No.29/2004-CE dated 9.7.2004 as amended by Notification No. 58/2008-CE dated 7.12.2008. CENVAT credit was denied on the ground that they cleared the goods at nil rate of duty and....

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....ubmits that Board Circular No.795/28/2004-CX dated 29.7.2004, clarified that in the case of availment of benefit of exemption simultaneously, they have to maintain separate books of accounts for goods availing Notification No. 29/2004-CE and for availing Notification No.30/2004-CE. He submits that in this case they have not maintained the books of accounts separately. 4. After hearing both side....