2012 (12) TMI 796

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..... ore fine and coke breeze come into existence which is not fit for use in the manufacture of pig iron and the same are being cleared without payment of duty. As the provisions of Rule 6 of the Cenvat Credit Rules are amended retrospectively and the manufacture has to reverse the credit proportionate to the inputs used in or in relation to the manufacture of the exempted goods, the applicants are di .....

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..... icants were taking credit in respect of common inputs, therefore applicants are liable to pay 5%/10% of the price of the exempted goods as applicants are not maintaining separate records. 4. The contention of the applicants is that the main raw materials i.e. iron ore and metallurgical cokes are not dutiable hence no credit has been availed in this regard. Applicants are only availing Cenvat Cre .....

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..... of screening the iron ore fine and coke breeze come into existence which is not fit for use in the manufacture of pig iron and the same are being cleared without payment of duty. As the provisions of Rule 6 of the Cenvat Credit Rules are amended retrospectively and the manufacture has to reverse the credit proportionate to the inputs used in or in relation to the manufacture of the exempted goods .....

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