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2015 (9) TMI 1484 - AT - Central ExciseCENVAT credit - Rule 4(2a) and 4(2b) of CENVAT Credit Rules, 2004 read with CBEC Circular No.942/03/2011-cx, dated 1403.2011 - Penalty - Held that: - in the absence of manufacture of final products, there was no scope for removal of the same from the factory on payment of central excise duty. Hence, in such an eventuality, taking of CENVAT credit in the register maintained by the appellant will be considered as a mere book entry - In the absence of any loss of revenue to the Govt. exchequer, the demand of interest cannot be sustained against the appellant since the interest liability is compensatory in character - Decided in favor of the assessee.
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