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2014 (2) TMI 547 - AT - Central ExciseAvailment of CENVAT Credit - Reversal of CENVAT Credit on capital goods - Held that:- Capital goods have been procured in the year 1997 and availed CENVAT credit and the same has been cleared for export on 19th July 2005. As per the CBEC Board's letter 345/2/2000-TRU dated 29.08.2000 wherein it has been clarified that under the existing procedure a manufacturer can export the goods under bond without payment of duty. This is a facility that is available to the manufacturer under excise procedure. In such case, the appropriate duty of excise that is payable is nil. Therefore, there is no bar for a manufacturer to remove the inputs or capital goods for export under bond within the explanation - Appellant is not required to reverse CENVAT credit availed on the capital goods - Following decision of Videocon International Ltd. vs. CCE [2008 (7) TMI 275 - CESTAT, AHMEDABAD] - Decided in favour of assessee.
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