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2014 (8) TMI 88 - AT - Central ExciseCenvat Credit - manufacturing of Supari - Supari has to be considered as non-excisable - Held that:- In the case of Narmada Chematur Pharmaceuticals Ltd. (2004 (12) TMI 93 - SUPREME COURT OF INDIA), the Honble Supreme Court held that the amount of cenvat / modvat credit wrongly availed is exactly equivalent to the amount of excise duty paid by not availing the exemption, the consequence is revenue neutral and hence demand for such wrong availment of credit rightly quashed by the Tribunal. - Decided in favor of assessee.
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