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2012 (11) TMI 957 - HIMACHAL PRADESH, HIGH COURTReversal of Cenvat Credit - goods exempted after availing cenvat credit on Inputs - Held that:- Manufacturer is not required to reverse/pay the amount equivalent to the CENVAT credit taken by him in respect of inputs which are proved to have been used in the manufacture of goods which have been cleared under exemption from excise duty. - As decided by Court in case of [COMMISSIONER OF C. EX., CHANDIGARH Versus SABOO ALLOYS PVT. LTD. 2009 (12) TMI 125 - HIGH COURT OF HIMACHAL PRADESH] even though the final product may be exempt from payment of excise, the assessee cannot be asked to reverse the Cenvat credit already taken by him - Decided in favour of Assessee.
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