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2017 (11) TMI 278 - AT - Central ExciseCENVAT credit - manufacture of taxable as well as exempt goods - Rule 6(3)(b) of CCR, 2004 - the respondent have opted for retrospective amendment enacted in Finance Act, 2010 during period when the said scheme was not in existent - Held that: - even without applying the amendment provision made under Finance Act, 2010 the respondent was eligible for reversal of proportionate credit for the reason that they had reversed proposed reversal credit before issue of show-cause notice and subsequently also paid the interest thereon. Once the CENVAT credit reversed along with interest, it is as good as non-availment of CENVAT credit as held by the Hon'ble Supreme Court in the case of Chandrapur Magnet Wires (P) Ltd. Vs. Collector [1995 (12) TMI 72 - SUPREME COURT OF INDIA] - when CENVAT credit along with interest paid attributed to the exempted goods, no further demand can be sustained - appeal dismissed - decided against Revenue.
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