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2018 (2) TMI 382 - AT - Central ExciseCENVAT credit - final product becomes exempted absolutely - recovery of credit availed along with penalty - Held that: - the provision of Rule 11 of Central Credit Rules, 2004 required the manufacturer to pay an amount equivalent to Cenvat Credit involved in the inputs lying in stock on the date on which the final product becomes absolutely exempted under a Notification issued under Section 5A of Central Excise Act, 1944. The proceedings can be limited only to the recovery of amount equivalent - The Act or Rules made thereunder have not provided for imposition of any penalty - appeal dismissed - decided against Revenue.
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