2010 (2) TMI 1336

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....nue sought to place reliance on the Division Bench judgment of this Court in the case of Commissioner of Central Excise, Thane v. M/s. Nicholas Piramal (I) Ltd. in CEXA No. 9 of 2009 decided on 27th November, 2009 [2009 (244) E.L.T. 321 (Bom.)]. In that case, the interpretation of Rule 6(3)(b) of Cenvat Credit Rules, 2002 was a subject matter of judicial consideration. Whereas, the issue sought to....

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....utiable products. The stray cases, where credit was taken on the common inputs for exempted and dutiable products, the assessee has reversed the proportionate credit on their own. The Tribunal, by the majority order, in the case of M/s. Nicholas Piramal (I) Ltd. v. CCE Thane-I reported in 2008 (232) E.L.T. 37 (LB), has held that the payment of 8% or 10% is not required when credit on inputs used i....