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2010 (12) TMI 399 - GUJARAT HIGH COURTReversal of credit - The Hon’ble Tribunal is right in accepting reversal of credit taken by the assessee in this case instead of upholding the adjudicating authorities order to the assessee to pay an amount equal to 8% of total price of the exempted goods as per the Rules 6(3)(b) of Cenvat Credit Rules, 2002 - As per the decision of the jurisdictional High Court in the case of M/s. Maize Products, held that it is not possible to state that the Tribunal has committed any legal infirmity so as to warrant interference - Substantial question of law can be stated to arise out of the impugned order of the Tribunal - The appeal is dismissed.
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