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2017 (1) TMI 350 - HC - Central ExciseReversal of Cenvat credit - Rule 57C & 57A of the CER, 1944 - Held that: - We have perused the entire paper book and found that there is no explanation provided, much less reasonable and plausible by the petitioners for the decision to initially reverse the MODVAT Credit, but later on shifting their stand and refusing to reverse it. It is for that the show cause notices were issued and the explanation was sought - Once they had no application to the facts and circumstances of the petitioners' case, then, we do not think that the concurrent findings in the orders impugned before us to be perverse or vitiated by error of law apparent on the face of the record - Petition fails - decided against the assessee.
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