Cenvat Credit of ITC attributable to taxable output & use of Formula

Dell International Services India Pvt. Ltd. Vs C.C.E. & S.T. (CESTAT Bangalore) The issue under consideration is whether ITC attributable to taxable output included in formula of determining ITC of exempted goods or services? Rule 6 of Cenvat Credit Rules was re-drafted, particularly Rule 6(iii) which is as follows: (i) No credit of inputs or input services used exclusively in manufacture of exempted goods or for provision of exempted services shall be available; (ii) Full credit of input or input services used exclusively in final products excluding exempted goods or output services exclu...