2005 (8) TMI 220 - AT - Central Excise

Summary

The Revenue appealed against OIA No. 1/2005, where the Commissioner (Appeals) ruled that assessees only needed to reverse the extent of credit taken for common inputs used in manufacturing dutiable and exempted goods. The Commissioner (A) followed Board's Circular No. 654/45/2002-CX. The period in question was before the introduction of Rule 6 mandating an 8% credit reversal. The Tribunal upheld the Commissioner (Appeals)'s decision, stating there was no merit in the appeal.