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2013 (7) TMI 705 - AT - Service TaxCenvat Credit - Rule 6 - interpretation of the term "allowed" - Taking of and utilisation of credit - Revenue contended that they are distinct and different - clarification issued by the CBEC makes it clear that the assessee was allowed to take credit for the purpose of utilisation - There is no reason for interpreting the term “allow” in a narrow and restrictive manner as urged by the Revenue - the purpose and objective of CENVAT credit Rules it to allow a manufacturer/output service provider not only to take the credit but also to utilize the same for the purposes specified in the said Rules - said interpretation urged by the Revenue defeats the object and purpose of the CENVAT Credit Rules - Rules cannot be interpreted in such a way so as to make them nullity - there is no reason given as to why the word “allowed” should be interpreted in a narrow way – appeal decided against revenue
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