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2014 (4) TMI 764 - AT - Central ExciseWaiver of pre deposit - Denial of MODVAT Credit - Revenue neutrality - Held that:- There is no dispute about the fact that the appellant have paid countervailing duty at the time of import of the goods on MRP declared by M/s DMS Corporation. The Revenue has confirmed excise duty by adopting the same MRP. Even if the Revenue s contention is accepted at this prima facie stage, the appellant would be entitled to Modvat credit of CVD paid at the time of import thus, neutralizing the entire duty confirmed - Stay granted.
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