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2013 (3) TMI 292 - AT - Central ExciseNotification NO. 10/2002-CE - benefit denied as IC engines which were captively consumed in the manufacture of PD pump sets cleared by availing the benefit of Notification No. 6/2002 - appellants' contented that the appellants are reversing the credit of 8% of the price of the IC engines captively consumed in the manufacture of PD pumps which were cleared by availing the benefit of the Notification - Held that:- Tribunal in the case of Life Long Appliances Ltd. vs. CCE, Delhi- III (2000 (4) TMI 90 - CEGAT, COURT NO. II, NEW DELHI) in the similar situation held that the payment of an amount equivalent to 8% of the price of intermediate product which has gone into manufacture of exempted products is sufficient compliance to the provisions of Cenvat Credit Rules also confirmed by the Hon'ble Supreme Court [2006 (3) TMI 687 - SUPREME COURT] The Revenue is not disputing the fact that the appellants were reversing 8% of the price of intermediate product which had gone into the manufacture of exempted goods. Therefore impugned order is set aside and the appeals are allowed.
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