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2018 (10) TMI 459 - AT - Central ExciseCENVAT Credit denied - process amounting to Manufacture or not - slitting activity on kraft paper - Department was of the view that the activity of slitting of kraft paper does not amount to manufacture and denied credit - Held that:- It is settled position of law that once the Cenvat credit availed is reversed, even at a later date, it is to be considered as not availed, ab-initio - The Hon’ble Supreme Court has laid down the law in this regard in the case of Chandrapur Magnet Wires (P) Ltd. vs. CCE, Nagpur [1995 (12) TMI 72 - SUPREME COURT OF INDIA]. Since, there is no dispute about the fact that the slit kraft paper has been cleared on payment of duty by debiting the Cenvat credit account, the impugned order merits to be set aside - appeal allowed - decided in favor of appellant.
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