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2008 (2) TMI 865 - AT - Central ExciseCENVAT credit - corrugated printed sheets (input) - benefit of N/N. 214/86-C.E., dated 25-3-1986 as amended - Held that: - where the amount of Modvat credit wrongly availed by an assessee was exactly equivalent to the amount of Excise duty paid by the input-manufacturer without availing exemption, the consequence was revenue-neutral and hence there could be no demand for reversal of the credit - The benefit availed by the assessee is Cenvat credit of the duty paid on their input by their sister Unit. Such benefit is not liable to be denied to the assessee on the strength of N/N. 214/86-C.E. ibid - appeal allowed.
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