9911796707
TMI Blog2012 (8) TMI 321X X X X Extracts X X X X X X X X Extracts X X X X ..... -C.E. - Held that:- In view of the retrospective amendments in the provisions of Rule 6, amount already reversed by the appellant as proportionate input cenvat credit attributable to the exempted goods cleared from the factory premises, should be enough compliance of the law. Order set aside - Decided in favor of assessee - E/199/2006 - - - Dated:- 23-7-2012 - Mr.M.V. Ravindran, Mr. B.S.V. M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... used by them for manufacturing of exempted goods. Revenue is of the view that the appellant should have paid the amount equivalent to 10% of the value of the exempted goods cleared from the factory premises. Accordingly, the Show Cause Notice was issued and the amounts have been confirmed along with interest and penalties imposed. 3. Ld.Counsel appearing on behalf of the appellant submits tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount reversed by the appellant and the amount equivalent to the CENVAT Credit availed on the inputs which are utilized for manufacture of exempted goods is substantial compliance of the provisions of Rule 6, has been accepted and their appeal has been allowed. We find that the ld.Counsel was correct in contending that this issue is now covered by the retrospective amendment to the said prov ..... X X X X Extracts X X X X X X X X Extracts X X X X
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