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2017 (6) TMI 104 - AT - Central ExciseCENVAT credit - the inputs although written in their balance sheets but are still lying in their factory - applicability of provisions of Rules 3(5) of the CCR, 2004 - Held that: - in this case in respondent's own case M/s BCH Electric Ltd. Versus Commissioner of Central Excise, Faridabad-I [2016 (6) TMI 469 - CESTAT CHANDIGARH], it was held that there is no provision for reversal of cenvat credit on inputs/ components which have been used in the manufacture of final product. In fact, as per Section'3 of the Central Excise Act, 1944, the goods manufactured by an assessee are to be cleared on payment of duty, therefore, reversal of cenvat credit on finished goods does not arise. The show cause notice has been issued by invoking extended period of limitation, the same is not maintainable. Demand set aside - appeal dismissed - decided against Revenue.
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