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2014 (2) TMI 590 - AT - Central ExciseReversal of CENVAT Credit - Assessee availed CENVAT Credit in two installments - Assessee imported Glass Printing Machine - Appellant exported this machine in 2006 under bond without reversal of CENVAT Credit taken - Held that:- capital goods imported by the appellant has been exported. On export of capital goods, the appellant is eligible for rebate of the duty paid thereon under Rule 18 of the Central Excise Rules or the appellant can export the goods without payment of duty under bond under Rule 19 of the said Rules. In respect of the goods on which credit has been taken, Circular issued by Board in 1996 as well as in 2000, clearly says that the manufacturer assessee is entitled to clear the inputs or capital goods for export (on which credit has been taken) under bond without payment of duty - appellant has made out a strong case in their favour for grant of stay. Accordingly, we grant unconditional waiver from pre-deposit of the dues adjudged against the appellant and stay recovery thereof during the pendency of the appeal - Following decision of Videocon International Ltd. [2008 (7) TMI 275 - CESTAT, AHMEDABAD] - Registry is directed to list the appeal for final hearing - Decided in favour of assessee.
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