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TMI Blog2012 (8) TMI 411X X X X Extracts X X X X X X X X Extracts X X X X ..... involved and reversal of credit attributable to the inputs used in the manufacture of the exempted products as sufficient discharge of their liability - Held that:- Matter has to be re-examined by the adjudicating authority in the light of retrospective amendment in Rules along with the application filed by the Appellants under Section 73 of Finance Act, 2010. Appeal allowed by way of remand - E/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8. She also submits that retrospective amendment in CENVAT Credit Rule (6) done by Section 73 of Finance Act, 2010 is applicable for this period and, therefore, reversal of credit attributable to the inputs used in the manufacture of the exempted products is sufficient discharge of their liability. This case was adjudicated prior to such retrospective amendment in the said rule and the adjudicatin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit has been properly reversed needs to be examined. 4. Considered the arguments from both sides. We find that the matter has to be re-examined by the adjudicating authority in the light of Section 73 of Finance Act, 2010. So, we allow the appeal by setting aside the impugned order and remand the matter back to the adjudicating authority for deciding the matter afresh in the light of the ret ..... X X X X Extracts X X X X X X X X Extracts X X X X
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