2015 (9) TMI 1581

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..... ld that: - In view of subsequent compliance with the provisions of Rule 6(3)(ii) of CCR, with the payment of credit required to be reversed along with interest, there is substantial compliance of the law - The failure if any is only procedural lapse of not filing the declaration of availing option - appeal allowed - decided in favor of appellant.
Shri Anil Choudhary, Member (J) and Raju, Member .....

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..... ave reversed the amount of credit required to be reversed on 29-3-2012 and on 1-9-2012.The reversal of credit, as well as interest, has been examined by the revenue. The Asst Commissioner has observed as follows in his letter F. No. V (Hindustan)/15-07/Adj/IV/2011, dated 13th July, 2015 "2 It is verified from the records of the assessee by the Superintendent, Range-I of Thergaon Division and .....

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..... maintaining separate books of account for input services used for manufacture of dutiable and exempted goods and providing of dutiable and exempted output services nor the conditions under sub-rule (3)(ii) of Rule 6 of CCR, 2004, to the extent of opting not to maintain separate books of account as explained above in writing to the jurisdictional range superintendent on 1st of April of every finan .....

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