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2015 (10) TMI 864 - AT - Central ExciseDenial of CENVAT Credit - credit of Additional Duties of Excise (textile and textile articles) - Held that:- Initially the respondent was manufacturing cotton yarn and man-made yarn. By Notification No. 30/2004-CE, their final product became exempt, therefore, under wrong impression reverse cenvat credit on inputs or finished goods which was not required to be reversed.Therefore, they utilise cenvat credit of additional duty of excise (textile and textile articles) for reversal of cenvat credit for packing material. In fact, during that period, respondent was not required to reverse the credit, therefore, question of utilisation of additional duty of excise (textile and textile articles) does not arise - when respondent was not required to reverse the cenvat credit on packing material at the time their final product became exempt, therefore, utilized additional duty of excise (T&T) for payment of duty does not arise - Decided against Revenue.
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