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2018 (3) TMI 397 - AT - Central ExciseReversal of CENVAT credit - job-work - case of Revenue is that as the said jobwork is exempted in terms of N/N. 214/86 hence the Appellant are liable for reversal of 8/10% amount of the value of jobwork goods i.e. exempted goods in terms of Rule 6 (3) of CCR - Held that: - the issue settled in the case of STERLITE INDUSTRIES (I) LTD. Versus COMMISSIONER OF CENTRAL EXCISE, PUNE [2004 (12) TMI 108 - CESTAT, MUMBAI], where it was held that Modvat credit of duty paid on the inputs used in the manufacture of final product cleared without payment of duty for further utilisation in the manufacture of final product, which are cleared on payment of duty by the principal manufacturer, would not be hit by provision of Rule 57C. The issue involved stands settled in favour of assessee as credit is available on the inputs used in jobwork activity undertaken in terms of N/N. 214/86-CE - demand set aside. Appeal allowed - decided in favor of appellant.
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