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2017 (6) TMI 854 - CESTAT BANGALORESSI exemption - CENVAT credit - denial on the ground that the appellant has availed credit in violation of sub rule (2) of Rule 11 of CCR, 2004 - Held that: - the Commissioner (A) have reached to the conclusion that After crossing the SSI exemption limit in 2005-06, the appellant cleared their goods on payment of duty and did not avail the CENVAT credit of the inputs in their lying stock of finished goods at that point of time. In the following year 2006-07, they again opted for the SSI exemption making them ineligible to avail of the credit in balance. Thus, the CENAT credit of ₹ 2,16,445/- availed and utilised by the appellant in 2007-08 is not bound by law and is liable to be demanded and the interest demanded and penalty imposed are also in order - demand upheld - appeal dismissed - decided against appellant.
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