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2017 (1) TMI 1181 - AT - Central ExciseSSI exemption - unbranded storage tanks - denial on the ground that the assessee availed credit on plastic granules, which were common inputs for both type of tanks - Held that: - it is admitted in the SCN that at the time of issue of credit availed inputs to the manufacture of intermediate powder, the appellants are showing the credit attributable to such granules, which are intended for the manufacture of unbranded tanks and are accordingly reversing the same. Such reversal will satisfy the condition of non-avialment of cenvat credit - The ratio of the Hon’ble Supreme Court's decision in the case of Chandrapur Magnet Wires (P) Ltd. [1995 (12) TMI 72 - SUPREME COURT OF INDIA] is rightly applicable to such situation - the same procedure had been followed by the appellant. As credit availed has been reversed whenever the input granules are used in the manufacture of unbranded tanks, the exemption will be available - appeal allowed - decided in favor of assessee.
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