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2017 (2) TMI 250 - AT - Central ExciseReversal of credit - dutiable goods became exempted from Central Excise duty w.e.f. 04/02/2004 - Rule 6 (1) read with Rule 3 of CCR, 2002 - Held that: - the same issue has been decided by the Tribunal in the case of Albert David Ltd. [2002 (11) TMI 144 - CEGAT, COURT NO. III, NEW DELHI], where it was held that a harmonious reading of Rules dealing with Cenvat Scheme and particularly Rule 57AC and Rule 57AD of the Central Excise Rules, 1944 makes it very evident that Cenvat credit shall not be allowed on such quantity of inputs which is used in the manufacture of exempted goods - demand of reversal of Cenvat Credit upheld - penalty set aside - appeal disposed off - decided partly in favor of assessee.
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