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2014 (1) TMI 1792 - AT - Central ExciseRefund claim - CENVAT credit - benefit of N/N. 6/2002-CE dt. 1.3.2002 - contention of the appellant is that as the credit has been rightly availed and rightly utilized on payment of duty. Therefore, the reversal of credit availed on inputs is not to be reversed at the time of availing exemption notification, therefore filed refund claim - appeal was rejected on the ground that the appellants required to reverse the credit of duty paid on inputs contained in the finished products lying in stock on the date appellant opted for exemption notification - Held that: - The Honble Punjab and Haryana High Court in the case of CCE Vs. HMT (TD) Ltd. [2010 (4) TMI 1036 - PUNJAB AND HARYANA HIGH COURT] held in favor of the manufacturer - the matter requires reconsideration by the adjudicating authority afresh - appeal allowed by way of remand.
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