2017 (4) TMI 738

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t to Rule 6 of CCR 2004 in the FA, 2010, an assessee is eligible to reverse proportionate Cenvat Credit on Inputs attributable to the exempted products - In the present case also, there is no dispute of the fact that the appellant had already reversed the proportionate credit on the Inputs attributable to the exempted products with interest, hence, the impugned order is accordingly set aside - app .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ufacture of both dutiable as well as exempted finished goods. They had availed Cenvat Credit on Inputs which were used in the manufacture of both dutiable as well as exempted goods. Since they had not maintained separate records for consumption of inputs, proportionate Cenvat Credit involved on the Inputs used in the manufacture of exempted products during the period 20th March 2006 to 16th March, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ts, therefore, demanding 10% of the value of the exempted products is bad in law. The Ld Advocate further submitted that this Tribunal has already taken a view in this regard taking into consideration the retrospective amendment to Cenvat Credit Rules 2004, under the Finance Act 2010 that proportionate Cenvat Credit attributable to exempted goods could be reversed and allowed the Appeal wherever .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X