2015 (7) TMI 62

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pted goods. The only omission is non-exercise of option before doing so after the introduction of Rule 6(3A) and non-maintenance of separate accounts earlier to that. Since the appellants have reversed the entire amount of credit attributable to exempted goods and the omissions seem to only procedural in nature, we consider that appeal can be heard without insisting on any pre-deposit. Accordingly .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ain separate accounts and also did not give an option as required under Rule 6(3A) of Cenvat Credit Rules 2004 before June to credit attributable to exempted goods cleared by them. Therefore the appellant should have paid 10%/5% of the value of the exempted goods. Penalty also has been imposed equal to the amount of duty. 2.After hearing both the sides, we find that there is no dispute that the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X