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2009 (7) TMI 487 - CESTAT, NEW DELHICenvat credit of service tax – Reversal of credit –The appellants are engaged in the manufacture of iron and steel ingots. The appellant availed Cenvat credit on inputs, capital goods and input services. During the period they cleared the inputs as such and reversed the credit in terms of Rule 3(5) of Cenvat Credit Rules, 2004. In this case Tri.-(Del.) by considering the decision of Chitrakoot Steel & Power Pvt. Ltd held that impugned order is set aside. Appeal is allowed with consequential relief. Decision in favor of appellant – against the revenue
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