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2014 (10) TMI 560 - ANDHRA PRADESH HIGH COURTCENVAT Credit - Exemption of fruit pulp - Held that:- credit taken on Inputs & packing materials viz. metal containers/cans lying in stock and contained in final products lying in stock - Even though final product may be exempt from payment of excise, the assessee cannot be asked to reverse the MODVAT/CENVAT credit already taken by it - A right accrued to the assessee on the date when they paid the tax on the raw materials or the inputs, that right would continue until the facility available thereto gets worked out or until those goods existed - Decided against Revenue.
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