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2008 (9) TMI 87 - HC - Central Excise
Reversal of credit – separate accounts - Not. 30/04 gives exemption when credit not availed on input - held that reversal of credit amounts to non-taking of credit on the inputs. Hence, the benefit has to be given of the notification granting exemption/rate of duty on the final products – Tribunal is justified in holding that credit availed of and reversal would amount to the effect as if the same was not availed and would thus satisfy the condition of Notification No.30/2004-CE