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2024 (3) TMI 126 - HC - Central ExciseAdoption of hybrid option of post clearance availment of Ineligible CENVAT credit on inputs and payment of amount equal to 6% of the value of such exempted goods under rule 6(3) of the Credit Rules - violation of the condition prescribed in Notification No. 30/2004-C.E. - HELD THAT:- Once the assessee has reversed the 6% of the value of the goods treating such goods as exempted as per the Sub-rule (3D) of the Rule 6 of the Rules, the condition of the Notification No. 30 of 2004 can be said to have been met and in such circumstances, the Tribunal has rightly allowed the appeal of the respondent-Assessee by quashing and setting aside the demand raised by the appellant. No question of law, much less any substantial questions of law, arises from the impugned order passed by the Tribunal - appeal dismissed.
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