2017 (6) TMI 627

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....t ORDER Both sides are in appeal against the impugned order. 2.   The facts of the case are that the assessee is engaged in manufacture of dutiable as well as exempted final goods. The exempted final goods have been cleared by the assessee to their other unit for R&D purpose, as the assessee was not maintaining separate account for input/input services used in manufacture of fin....

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....al against confirmation of the demand and the Revenue is in appeal against dropped the demand against the asseesee. As both the appeals are arising from a common order, therefore, both the appeals are being taken up together for final disposal. 3.   None appeared on behalf of the assessee, the request for adjournment has been received from the assessee that the Counsel is an out of st....

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....and pertaining the period beyond limitation is set aside. 7.   Now coming to the issue, whether the ld. Commissioner (A) is rightly extended the benefit of reversal of cenvat credit on the inputs used in manufacture of exempted final goods or not? I find that the Finance Act, 2010 has given the option to assessee to reverse the cenvat credit attributable to inputs used for manufacture....