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2013 (1) TMI 581 - AT - Central ExciseReversal of CENVAT Credit - Whether the respondent was required to reverse the Cenvat credit involved in the inputs lying in stock as well as contained in finished goods/semi-finished goods lying in stock as on 9-9-2004, the date when the assessee opted for exemption under Notification No. 50/2003-C.E., dated 10-6-2003 – Held that:- Following the decision in case of SABOO ALLOYS PVT. LTD. (2009 (12) TMI 125 - HIGH COURT OF HIMACHAL PRADESH) that input credit legally taken and utilised on dutiable final product, need not be reversed on the final product becoming exempt under Notification No. 50/2003-C.E., dated 10-6-2003. In favour of assessee
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