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2009 (5) TMI 957 - AT - Central ExciseWhether the input credit taken, when the final product was dutiable need not to be reversed on final product becoming exempt from the payment of duty? Held that: After referring to the decision of the Apex Court in Collector vs. Dai Ichi Karkaria Ltd., [1999 (8) TMI 920 - SUPREME COURT OF INDIA] the larger Bench ruled thatwhen the input credit legally taken and utilized on the dutiable final product need not to be reversed on the final product becoming exempt subsequently w.e.f. 9.7.2004. Undisputedly, the facts of the case in hand clearly attracts the said ruling and therefore do not warrant detailed discussion and analysis of the materials - appeal dismissed - decided against Revenue.
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