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2018 (12) TMI 925 - AT - Central ExciseReversal of CENVAT Credit - Rule 6(3) of the CENVAT Credit Rules - It is the case of the Revenue that the appellant had contravened Rule 6(3) of the CENVAT Credit Rules, 2004 in as much as they had not discharged the liability of payment of 10% of the value of exempted goods cleared to the SEZ Developers - Held that:- In the case of Fosroc Chemicals (India) Pvt. Ltd. [2014 (9) TMI 633 - KARNATAKA HIGH COURT], it is found that the Hon’ble jurisdictional High Court after considering the rival contentions as well as the decisions of various judicial fora, has held that the amendment to Rule 6 vide N/N. 50/2008 dated 31.12.2008 shall have retrospective effect. The impugned demand is unsustainable - appeal allowed - decided in favor of appellant.
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