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2015 (3) TMI 32 - AT - Central ExciseReversal of Cenvat Credit - Capital goods - Held that:- When the capital goods have been put to use and cleared on transaction value, the assessee is required to pay Central Excise duty on transaction value and not required to reverse Cenvat Credit availed on such capital goods. The issue is no more integra in the light of the decision of Cummins India Ltd. (2008 (7) TMI 945 - BOMBAY HIGH COURT). Therefore, I set aside the impugned order holding that the appellant has rightly paid the duty on transaction value. - Decided in favour of assesse.
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