CENVAT Credit: Assessee Can Revert Proportionate Credit on Inputs for Exempt Goods u/r 6(3A) from April 1, 2008.

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....Reversal of CENVAT Credit - input services - generation of electricity which was captively used but some part thereof was also sold by them/exempt goods - common input - The department cannot compel the assessee to opt for a particular option. Further, w.e.f. 01.04.2008 Rule 6 (3A) has been introduced, according to which the assessee is eligible to reverse proportionate credit on inputs and input services used in manufacture of exempted goods. - AT....