Court Rules on Rule 6(3)(i) CCR 2004: No 5% Payment Required for Reversed CENVAT Credit on Exempt Services.

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....Applicability of Rule 6 (3) (i) of CCR 2004 - CENVAT credit - provision of taxable as well as exempt services - The appellants cannot be asked to pay 5% of value of exempted services when they have reversed proportionate/all the credit available on common input services - AT....