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2010 (12) TMI 420 - HC - Central ExciseAppeal u/s 35G - Demand - Cenvat credit - Interest u/s 11AB - In the circumstances, when the assessee was not even required to reverse the credit taken on the inputs contained in the semi-finished goods, the question of paying interest on late reversal of credit taken would not arise - In the circumstances, the assessee having reversed the credit taken by it prior to utilization the same would amount to not taking credit and as such the question of liability to pay any interest thereon would not arise - the appeal is dismissed
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