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2016 (6) TMI 440 - AT - Central ExciseReversal of cenvat credit taken on the inputs imported and subsequently re-exported - Held that:- The goods which are exported do not suffer the duty incidence. Keeping this view in mind, we do not find it appropriate to make a distinction between goods which are exported under ARE-1 procedure on payment of duty under claim for rebate, and those which are exported under bond without payment of duty/reversing the credit under Rule 3(5). Both sets of goods cannot suffer incidence of duty. See Videocon International Ltd. Vs CCE Vadodara-II- [2008 (7) TMI 275 - CESTAT, AHMEDABAD] allowing clearance of inputs/capital goods for export without reversal of the credit taken Thus we hold that the appellant-assessee is not required to reverse cenvat credit taken on the inputs which were imported and subsequently re-exported. Accordingly, we allow the appeal filed by the appellant-assessee
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