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2013 (12) TMI 807 - CESTAT CHENNAIApplicability of Rule 6 of CENVAT Credit Rules, 2004 - Common inputs used for dutiable as well as exempted final product – Waiver of Pre-deposit – Held that:- Even if, reversal as per Rule 6(3A) is done at a later point of time, that should prima facie be good discharge of the liability - As far as the quantum of reversal is concerned, the basis adopted by the appellant will result almost in the same amount that is to be reversed if formula prescribed under Rule 6(3A) is adopted – the deposit made is sufficient for the purpose of admission of appeal - the pre-deposit of balance waived till the disposal – stay granted.
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