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2017 (8) TMI 780 - CESTAT CHENNAIReversal of cenvat credit after finished goods become exempted goods - N/N. 10/2003 - Held that: - Hon’ble Madras High Court in the case of Tractor and Farm Equipment Ltd. Vs CCE Madurai-II - [2014 (12) TMI 905 - MADRAS HIGH COURT] has held that If credit can be taken against excise duty on a final product manufactured on the very day, it makes it abundantly clear that there need not be co-relation between the input and the goods cleared and as a result, validly taken credit need not be reversed - appeal allowed - decided in favor of appellant.
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