2014 (8) TMI 331

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....by the appellant with respect to OIA No. 313/2006(Ahd-II)CE/Raju/Comr(A), dt.31.10.2006. Under this OIA dt.31.10.2006, first appellate authority has upheld the OIO No.66/D/2006, dt.19.07.2006 passed by the adjudicating authority. The issue involved is regarding reversal of CENVAT Credit @ 8% under Rule 6(3)(b) of CENVAT Credit Rules, 2001 & 2002 when appellant has not maintained separate accounts ....

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.... (AR) appearing on behalf of the Revenue argued that during the course of scrutiny of appellants records for the year 2003-04, no accounts were shown by the appellant indicating separate maintenance of accounts of packing material used with respect to dutiable and exempted finished excisable goods. Ld.AR made the Bench go through the discussion and findings portion of the OIO dt.19.07.2006 to driv....

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....ent in the case of Chandrapur Magnet Wire (P) Ltd reported at 1996 (8) ELT 3 (SC). However, there is nothing on record that the entire CENVAT Credit with respect to common packing material, used for manufacturing dutiable and exempted final products has been reversed by the appellant. In the absence of such data it cannot be said that appellant has reversed the entire credit with respect to packin....