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2017 (2) TMI 1140 - AT - Central ExciseReversal of CENVAT credit - whether appellant is required to reverse Cenvat Credit on inputs in a situation where at the time availing Cenvat Credit, the final product is dutiable but on later stage, the final product become exempted or not? - Held that: - The said issue came up before Hon’ble High Court of Punjab & Haryana in the case of CCE, Panchkula Vs. HMT (TD) [2010 (4) TMI 1036 - PUNJAB AND HARYANA HIGH COURT] wherein it was held that at the time of availment of Cenvat Credit on inputs, the final product is dutiable, later on the final product became exempt, in such a situation, Cenvat Credit is not required to be reversed - the appellant is entitled for refund claim - appeal allowed - decided in favor of appellant.
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