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2014 (7) TMI 232 - AT - Central ExciseCENVAT Credit - cutting or slitting of steel sheet in coil - Revenue contends that activity of assessee does not amount to manufacture - whether such availment of credit, which already stand utilized by them for payment of duty on their final product is required to be denied to them - Difference of opinion - Matter referred to larger bench:- Whether Cenvat credit on inputs can be allowed to be availed and further passed on to the buyers despite activity of slitting and pickling on CR coils undertaken does not amount to manufacture as held by Member (Judicial). OR Whether once an activity of slitting and pickling of CR Coils does not amount to manufacture as held by Hon'ble Delhi High Court in the case of Faridabad Iron & Steel Traders Association Vs. Union of India in [2003 (11) TMI 107 - HIGH COURT OF DELHI] and Circular No. 940/01/2011-CX dated 14.10.2011 and 911/01/2010 CX dated 14.01.2011 issued by Board, then Cenvat credit on inputs cannot be allowed and it also subsequently cannot be passed over to buyers as held by Member (Technical).
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