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2014 (3) TMI 457 - AT - Central ExciseWaiver of pre-deposit - Stay of recovery of Cenvat Credit - Imposition of interest and equal penalty - Held that:- Cenvat Credit on inputs used in manufacture of exempted goods is deniable under Rule 6(1) Cenvat Credit Rule. In this case if Dairy Machinery manufactured by the applicants classifiable under Chapter heading 8434 is exempted under the notification No. 06/2006-CE dt. 01.03.2006. Therefore prima Facie the credit of duty paid on inputs is deniable in terms of Rule 6(1) of the Cenvat Credit Rules and the demand confirmed on this ground is sustainable against the applicants - Conditional stay granted.
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