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2012 (3) TMI 356 - AT - Central ExciseReversal of CENVAT Credit - Whether the appellant company is correct in reversing the cenvat credit availed on the common inputs which are used in the exempted goods and whether are to pay 8% or 10% of the value of the exempted goods which are cleared from the factory premises - Held that:- appellant had availed the cenvat credit on common inputs and used them for manufacturing the excisable goods as well as exempted goods and that the appellant had been reversing the cenvat credit attributable to the inputs which are consumed in the exempted products. If the reversal of cenvat credit is not being disputed, we find that the issue is now squarely covered by the retrospective amendment carried out by the Finance Act, 2010 - Following decision of Unimed Technologies Ltd. (2012 (11) TMI 820 - CESTAT, AHMEDABAD) - Decided in favour of assessee.
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