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2017 (1) TMI 699 - AT - Central Excise100% EOU - De-bonding of unit - reversal of credit on input services - GTA services - Held that: - At the time of debonding from the 100% EOU scheme, the appellant has already reversed an amount equal to the credit availed in respect of inputs and capital goods which were transferred to the DTA unit as per the provisions of Cenvat Credit Rules - There is no provision for reversal of Cenvat credit availed on input services at the time of debonding, inasmuch as the input services stand consumed, as soon as it was received. I have already held that the Cenvat credit on such input services stand availed properly on the date of receipt of the service. Hence there is no obligation on the part of the manufacturer to reverse credit in input services at the time of debonding from 100% EOU scheme - demand of reversal of input services not justified - appeal allowed - decided in favor of appellant.
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