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2017 (6) TMI 627 - AT - Central ExciseTime limitation - exempted goods cleared without payment of duty - CENVAT credit availed - demand - Held that: - the assessee is filing their regular ER-1 returns, showing the exempted goods cleared without payment of duty and availed the cenvat credit on inputs. Therefore, the contention of the assessee is that some part of the demand barred by limitation is acceptable. In that circumstances, the demand pertaining the period beyond limitation is set aside. Whether the ld. Commissioner (A) is rightly extended the benefit of reversal of cenvat credit on the inputs used in manufacture of exempted final goods or not? - Held that: - the Finance Act, 2010 has given the option to assessee to reverse the cenvat credit attributable to inputs used for manufacture of exempted final goods, therefore, the ld. Commissioner (A) is rightly extended the benefit of reversal of cenvat credit on inputs used for manufacture of exempted final goods. The demand of the normal period of reversal of cenvat credit along with interest is confirmed against the assessee - appeal allowed - decided partly in favor of appellant.
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