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2015 (10) TMI 984 - AT - Central ExciseReversal of CENVAT Credit - whether at the time of opting for area based exemption under notification no. 50/2003-CE the appellant is required to reverse Cenvat Credit attributable to inputs / input contained in work-in-progress or finished good lying in their factory is required to reverse or not - Held that:- at the time when appellant took Cenvat Credit on the inputs / capital goods their final product was dutiable and later on they opted for availing exemption under notification no. 50/2003. Therefore, they are not required to reverse Cenvat Credit on input / inputs contained in work-in-progress / finished goods lying in their factory. - Impugned order is set aside - Decided in favour of assessee.
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