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2017 (1) TMI 218 - AT - Central ExciseBenefit of exemption Notification 3/2001-CE, 10/2002-CE and 6/2003-CE - the respondent has availed CENVAT credit in respect of furnace oil, which was reversed subsequently - Held that: - the learned Commissioner (Appeals) placed reliance in the case of CHANDRAPUR MAGNET WIRES (P) LTD. Versus COLLECTOR OF C. EXCISE, NAGPUR [1995 (12) TMI 72 - SUPREME COURT OF INDIA], where it was held that once the credit is reversed the inputs become as if no credit was availed - on reversal of the CENVAT credit already availed, the assessee is entitled to beneficial exemption Notification - appeal dismissed - decided against appellant-Revenue.
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