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2016 (12) TMI 1736 - AT - Central ExciseMODVAT/CENVAT Credit - inputs used partially in the manufacture of duty paid goods as well as partly in exempted goods - demand of reversal of an amount of 8% of the value of limestone cleared to Unit-II - Held that:- The entire MODVAT credit availed by the appellant on the duty paid explosives utilised for mining of limestone has been reversed alongwith interest - once the MODVAT credit availed has been reversed, it should be considered as not availed ab initio - appeal allowed - decided in favor of appellant.
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