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2017 (11) TMI 1446 - AT - Central ExciseCENVAT credit - demand of 10% of the exempted final product on the ground of improper availment of CENVAT credit - common input services used in dutiable as well as exempted final products - non-maintenance of separate records - Held that: - it is well settled law that full reversal of credit alongwith interest should be considered as if that the appellant did not avail any credit on such product - the decision in the case of Chandrapur Magnet Wires (P) Ltd. Vs. Collector [1995 (12) TMI 72 - SUPREME COURT OF INDIA] relied upon - full reversal of credit alongwith applicable interest will satisfy the compliance of Rule 6 and will not attract payment of 10% of the exempted final product - appeal allowed - decided in favor of appellant.
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