2015 (2) TMI 1215

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....t. ORDER [Order per : B.S.V. Murthy, Member (T)]. - Proceedings were initiated on the ground that appellants were not maintaining separate accounts in respect of common inputs used in the manufacture of exempted and dutiable products and therefore, in accordance with provisions of Rule 6(3) of Cenvat Credit Rules, 2004, the appellant was required to pay amounts specified under the rule on the ex....

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.... and substance in the adjudicating authority's above findings. I can see that the statement dated 14-8-2006 of the appellants' Manager has been mis-read by the adjudicating authority. In fact the appellants have been maintaining separate BIN cards from October 2005 (after knowing of the exemption) for the inputs required for exempted goods which contain receipts, issues and closing stock meant for....

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....sequential relief, if any, as per law." 4. As regards the submission that the accounts should have been maintained and segregation should have been done at the time of receipt itself, we find that this would not have been possible under the circumstances and there are several decisions taking a view that even subsequent reversal of credit would be sufficient and in this case before the raw m....