CESTAT Allows Appeal as Export Turnover Cannot Be Added for Rule 6 Credit Reversal

Sudhan Spinning Mills Pvt. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) The appellant, a manufacturer of cotton yarn, availed Cenvat credit on capital goods and input services and utilized such credit for payment of duty on exported goods while also claiming rebate. The appellant used common input services in the manufacture of both dutiable and exempted final products and reversed the proportionate credit attributable to exempted goods in terms of Rule 6(3) of the Cenvat Credit Rules, 2004. While computing the value of exempted goods for the purpose of reversal of Cenvat ...