2012 (6) TMI 23

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..... the assessee reverse the credit taken on inputs which has gone into the manufacture of the exempted final products, in that case the assessee is not required to reverse 8% or 10% of the amount of the exempted products cleared as per Rule 6(3) of CENVAT Credit Rules, 2004. In this case the contention of the appellant is that they have already reversed the input credit along with interest at the ti .....

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..... submissions made by the applicant, we note that the issue is of very narrow compass and, therefore, after allowing the application for early hearing, we take up the appeal today itself for its disposal. 3. As Section 73 of the Finance Act, 2010, it has been clarified that, if the assessee is manufacturing both dutiable as well as exempted final products and is not maintaining separate account bu .....

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