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2016 (4) TMI 1199 - AT - Central ExciseCENVAT credit - whether on the amount not realized Cenvat credit is to be reversed? - Held that: - When there is no mandate of the statute to direct reversal of the Cenvat credit already availed in respect of the Output Service provided and the consideration thereof not realised for which such receivable amount is written off as bad debt, the appellant cannot be directed to reverse proportionate Cenvat credit - Law is well settled that where tax paid has gone into the treasury, appellant is entitled to credit - appeal allowed - decided in favor of appellant.
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