2013 (12) TMI 807

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....manufacture of steel forgings. They had done job-work for Ordinance Factory of Government of India for certain products which were exempted from duty. They had used common inputs like furnace oil and lubricating oil for manufacture of dutiable final products and exempted final products. During the period April'08 to March'10 since they had not reversed CENVAT credit attributable inputs used in the....

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....ts that the proportion is worked out based on the quantity of furnace oil used per tonne of metal forged for exempted product. Therefore, he prays that this deposit made may be considered as sufficient for the purpose of admission of appeal. 4. Opposing the prayer, the Ld. AR for Revenue submits that from 1.4.2008 onwards, there is a prescribed formula for reversal of credit in such situation as ....