2019 (3) TMI 1773

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....t. Shri P.R. Gupta And Shri S. Nunthuk, DR for the respondent. ORDER ANIL CHOUDHARY: Heard the parties. 2. The issue in this appeal is whether the appellant is entitled to the benefit of reversal of proportionate credit under Rule 6 (3A) of Cenvat Credit Rules, 2004 as introduced w.e.f. 1.4.2016 with retrospective effect, or whether they are liable to pay duty under Rule 6(3)(a) at ....

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..... Accordingly, the finding of the ld. Commissioner (Appeals) is set aside on this issue and the appellant is entitled to the benefit of the proportionate reversal with interest, as prescribed under 6 (3AA) of the Cenvat Credit Rules, for the period of dispute. 5. Sofar as the issue of valuation as regards the amount of subsidy disbursed to the appellant in the form of vouchers in form 37 B, whi....