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2014 (8) TMI 532 - AT - Central ExciseCENVAT Credit - Credit availed on return of goods sold as rejected - Non maintenance of separate records of goods returned - Credit not reversed for goods returned - Held that:- Rule 16 provides for availment of CENVAT credit in respect of goods received after returned by the customers. This would mean that the principles applicable for inputs would be applicable in respect of the returned goods also. As far as inputs are concerned, the assessee is required to show that inputs have been received, accounted for, utilized in the manufacture to avail the credit. Therefore it was the bounden duty of the appellant to maintain proper accounts of the inputs in this case also. Since it is the claim of the appellant that these returned goods were reprocessed and cleared, the assumption that in the absence of a proper accountal of returned goods, the claim of reprocessing cannot be accepted prima facie cannot be faulted with. Therefore we consider that appellant has not made out a prima facie at all - stay granted partly.
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