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2011 (4) TMI 1398 - HC - Central ExciseDemand of duty – cenvat credit on exempted input – assessee took credit on naphtha, it is exempted from the payment of excise duty - On being pointed out, they proportionately reversed the credit in respect of naphtha – Held that:- Pro rata reversal credit had been effected for the inputs used in naphtha relating to the clearance for the manufacture of fertilizers - reversal of credit amounts to non-taking of credit - no liability to pay duty - appeal is dismissed.
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