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2015 (12) TMI 732 - AT - Central ExciseReversal of SAD credit on removal of inputs as such - Whether in such a scenario, the law requires separate reversal of SAD or not - Held that:- Provision of law simplicitor requires an assessee to reverse the CENVAT credit so availed by him in case the receipted inputs are subsequently removed. In the present case admittedly the appellant has paid excise duty by adopting transaction value of the said inputs by debiting the CENVAT credit. The said fact is not in dispute and stands mentioned in the impugned order of the original adjudicating authority - appellant had paid more duty at the time of clearance of the inputs from their factory is not disputed by the Revenue. If that be so, I really fail to understand as to how the appellant is further required to reverse the SAD component. It stands explained to me that the appellant is maintaining only one register reflecting the credit of all the types of duties paid at the time of import. If the cumulative credit in respect of all the duties is to the extent of ₹ 100 and if an asseessee has paid ₹ 120/- at the time of clearance of such inputs, it can be safely concluded that the entire credit stands reversed by him. There cannot be any further requirement of reversal of SAD component separately. - Impugned order is set aside - Decided in favour of assessee.
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