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2017 (3) TMI 508 - AT - Central ExciseBenefit of N/N. 30/2004-CE dated 09.07.2004 - by taking the credit at the time of receipt of the inputs the condition of notification was violated - credit was reversed later - Held that: - the Board has clarified that if the credit of inputs used in the exempted goods under N/N. 30/2004 is reversed before utilisation, it would amount to credit not having been taken. Accordingly, the condition of the notification stands meet out - In the present case, the fact is not under dispute that the appellant availed the credit at the time of receipt of the inputs which was partially used in the exempted goods but at the time of clearance of the exempted goods, they have reversed the credit - the appellants have complied with the condition of N/N. 30/2004-CE - appeal allowed - decided in favor of assessee.
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