Excise duty Exemption eligible if Appellant reversed 5% of value of exempted goods

Zenith Fibers Ltd Vs C.C.E. & S.T.-Vadodara (CESTAT Ahmedabad) CESTAT held that by reversing 5% of the value of exempted goods in terms of Rule 6(3)(i) appellant fulfilled the condition of exemption  Notification No. 30/2004-CE & so legally entitle for exemption Notification No. 30/2004-CE, and the demand is not sustainable. Introduction: This article examines the case of Zenith Fibers Ltd vs C.C.E. & S.T.-Vadodara-i, where the appellant’s compliance with exemption conditions through the reversal of 5% of the value of exempted goods under Rule 6(3)(i) of the Cenvat Credit Ru...