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2014 (1) TMI 375 - AT - Central ExciseActivity manufacture or not - Denial of Cenvat credit – Duty paid on various inputs / raw materials not utilized for payment of duty on the final product - activity of cutting of HR/CR coils of iron and non-allied steel into sheets or slitting into strips – Held that:- As no manufacturing activity was undertaken by the appellant, they cannot be held entitled to avail the Cenvat credit - the appellant has discharged the central excise duty on their final product, by utilizing the Cenvat credit - by debiting the Cenvat credit while paying the duty on their final product, the entire Cenvat credit stand reversed - Even otherwise, it is revenue neutral situation – following COMMISSIONER OF C. EX. & CUS., VADODARA Versus NARMADA CHEMATUR PHARMACEUTICALS LTD.[ 2004 (12) TMI 93 - SUPREME COURT OF INDIA] – order set aside – Decided in favour of Assessee.
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