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TMI Blog2015 (9) TMI 1581X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner (AR), for the Respondent. ORDER [Order per : Raju, Member (T)]. - The appellants are manufacturers of excisable goods and they also manufacture some exempted goods. They were availing credit of duties on inputs as well on input services. They were maintaining separate records of inventory and use of inputs, however, it was alleged that they were not maintaining separate records for use of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Cenvat Credit taken on inputs and input services for the relevant period and the reversal of the Cenvat Credit of Rs. 4,91,587/- on input services on proportionate basis in terms of Rule 6(3)(ii) of the Cenvat credit Rules, 2004, and the payment of interest of Rs. 2,49,784/- for the relevant period is found correct. The work sheet thereon is enclosed for ready reference. However, the same is cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... being filed. 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. In view of above the demand of duty and penalty is set aside. The appeal is allowed. (Pronounced i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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