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2008 (5) TMI 180 - AT - Central ExciseIt is alleged that the bought out spares brought into their factory are neither utilized in the manufacture of the transformer nor brought into factory for utilization in the manufacture of the final product. Hence, the Cenvat credit is not admissible on them - Held that duty paid on spares by way of the debit in the Modvat account should be treated as the reversal of the inadmissible credit taken and, therefore, no demand would lie.
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