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2014 (2) TMI 721 - AT - Central ExciseDenial of CENVAT Credit - Cenvat Credit denied on the ground that the activity of cutting and slitting did not amount to manufacture - Commissioner dropped the demand holding that the activity of cutting and slitting amounts to manufacture and therefore the appellant is rightly eligible for the Cenvat Credit taken - Held that:- In view of Notification NO. 24/2002-CE dated 19/04/2012, the respondent herein is not required to reverse the Cenvat Credit taken of the excise duty or CVD paid on the materials procured by them for undertaking the job-work on which they have discharged excise duty liability. The demand is also for the period up to 15/03/2012. Thus, the appellant has satisfied the conditions “(a) & (b)” specified in the said Notification. As regards the condition (c), the Ld. Counsel for the respondent submits that the appellant has not made any refund claim. Subject to verification of this claim by the department, the benefit of Notification No. 24/2012-CE is available to the appellant. Consequently, the question of demanding duty amounting to Rs. 1,54,33,170/- would not arise at all - Decided against Revenue.
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