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2014 (3) TMI 707 - CESTAT MUMBAIReversal of CENVAT Credit - Whether the appellant is required to reverse the input credit availed by them for manufacturing of excisable goods which became exempted later-on - Held that:- when the input credit was taken by the appellant the final product was dutiable which became exempted later-on, therefore the appellant is not required to reverse the credit and the provisions came into effect from 01.03.2007 are not applicable retrospectively - Following decision of CCE Bangalore vs. Gokaldas Intimate Wear - [2011 (4) TMI 1123 - KARNATAKA HIGH COURT] - Decided in favour of assessee.
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