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2018 (4) TMI 484 - AT - Service TaxRestriction of utilization of CENVAT credit - Held that: - once the assessee becomes entitled to the credit, its utilization cannot be restricted on the ground that he has not utilized the same in the period for which it could have been used - the whole issue is revenue neutral. There is no element of suppression or malafide intention as the Appellant by non utilizing the credit early did not cause any loss to the exchequer. Appeal allowed - decided in favor of appellant.
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