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2015 (10) TMI 1642 - CESTAT BANGALOREReversal of CENVAT Credit - Whether the appellants are required to reverse the cenvat credit, when the inputs were being admittedly used by them in the manufacture of the final products, which were being cleared on payment of duty, on the ground that the process undertaken by them does not amount to manufacture - Held that:- Stands settled by various decisions of the Tribunal but reference can be made to the latest majority decision in the case of M/s. Asian Colour Coated Ispat Ltd. Vs. CCE, Delhi-III [2014 (9) TMI 974 - CESTAT NEW DELHI]. Originally there was difference of opinion between the two Members and the matter was referred to third Member. As per the majority decision, the credit cannot be disallowed to the assessee when he has used the same for payment of duty on its final product, when there was no requirement of payment of duty on the final product. As the said decision takes into consideration the entire precedent decisions, by following the same we set aside the impugned order - Decided in favour of assessee.
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