2017 (11) TMI 1446

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....for the assessee Sh. M. R. Sharma, AR for the Revenue ORDER Per: B. Ravichandran For the reasons mentioned in the CoD application, the delay of 10 days in filing the appeal is condoned. 2. With the consent of both sides we proceed to examine the appeal itself for disposal, after hearing Sh. Bipin Garg, ld. Advocate for the appellant and Sh. M.R. Sharma, ld. AR for the Revenue. 3.....

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.... and recover 10% of the value of exempted final products in terms of Rule 6(3)(b) of Cenvat Credit Rules, 2004. The proceedings concluded by the impugned order. The original authority ordered recovery of Rs. 2,72,14,581/- and also imposed equal amount of penalty under Rule 15(2) of the Cenvat Credit Rules, 2004. 5. Ld. Counsel appearing for the appellant submitted that when the issue of mainten....

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....ave hard both the sides and perused appeal record. 8. Admittedly, the appellant did not maintain separate record for common input services used in dutiable as well as exempted final products. However, when the issue was raised regarding the improper availment of credit they have reversed the full amount of credit availed on such common input services alongwith applicable interest. By now it is ....