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2016 (8) TMI 537 - AT - Central ExciseCenvat credit - revarsal alongwith interest and penalty - goods written off as obsolete items in annual reports - period involved is from 2002-03 to 2006-07 Held that:- the period involved is prior to the amendment to Rule 3 by which sub rule (5B) and Sub-Rule (5C) was inserted. The amendment by which the assessee is required to reverse the credit in case the goods are written off, as obsolete was introduced only after 01-04-2007 and the period involved in the present case is prior to 01-04-2007. Therefore, by following the judgment of Bombay High Court in the case of CCE. Navi Mumbai Vs Hindal Co Industries Ltd. [2011 (6) TMI 662 - BOMBAY HIGH COURT] and the judgment of Gujarat High Court in the case of CCE Vs Ingersoll Rand(India) Ltd. [2013 (2) TMI 32 - GUJARAT HIGH COURT], the impugned order is unustainable. - Decided in favour of appellant with consequential relief
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