2016 (10) TMI 381

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..... 010 Budget provision, asking the appellant to go through the application procedure is redundant. Therefore, the authority is only to satisfy themselves whether proportionate credit has been reversed or not without burdening the appellant to go through the technical procedures of the law. What that is required is that authority is to look into the substance of the transaction without appreciation o .....

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..... 2. Appellant submits that despite repeated directions of remand, the authorities failed to consider that the appellant has made appropriate proportionate reversal of the input credit in view of use of the common input in the process of manufacture of dutiable goods and non-dutiable goods. He further emphasizes that even before the budgetary proposal in the year 2010, appellant having reversed th .....

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..... as per 2010 Budget proposal was not complied with. It is needless to state that the approach of the appellant of reversing the proportionate credit being the object of the 2010 Budget provision, asking the appellant to go through the application procedure is redundant. Therefore, the authority is only to satisfy themselves whether proportionate credit has been reversed or not without burdening th .....

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