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2016 (11) TMI 349 - AT - Central ExciseModvat credit - iron ore fines - job work - Rule 57F(4) of Central Excise Rules, 1944 - Held that: - the appellant specifically stated before the lower authorities that they had taken the recredit of amounts reversed by them when they dispatched iron ore fines on receipt of iron ore pellets. Revenue has not contested those submissions made by appellant before them. Once it is established that iron ore pellets are received back from the jobworker, nothing survives in these appeals and the recredit availed by the appellant is correct - the appellant having reversed the CENVAT credit and then subsequently taken recredit on receipt of iron ore pellets is within the provisions of Rule 57F(4) of the Central Excise Rules, 1944 - Modvat credit rightly availed - appeal allowed - decided in favor of appellant.
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