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2011 (2) TMI 1165 - HC - Central ExciseCenvat credit denied - No separate book of accounts maintained - SCN as 8% of the price of the exempted goods cleared has to be paid - Held that:- As it is clear that even though the assessee initially took credit of the common inputs used in the manufacture of both dutiable and exempted goods they have reversed the credit availed on the inputs used in the manufacture of exempted final products - the assessee would not be covered by Rule 57AD of the Rules read with sub-rule (3) of Rule 6 of the CENVAT Credit Rules. There is no liability for payment of 8% of the price of the exempted final products as CENVAT credit availed has been reversed and they did not have the benefit of the said credit. Decided in favor of the assessee
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