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2018 (7) TMI 1050 - AT - Central ExciseCENVAT Credit - re-assessment of the inputs can be done or not? - Held that:- The provisions of Cenvat Credit Rules allow credit of entire duty paid on the inputs and capital goods and it is settled position of law that assessment cannot be done at the end of the receiver of the inputs - Hon’ble High Court of Punjab & Haryana in the case of Commissioner of Central Excise, Ludhiana Versus Perfect Synthetics [2005 (2) TMI 162 - HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH] has held that the assessee is not prevented from taking credit on the ground that excess duty was paid by the supplier. There is no case for Revenue to reverse the CENVAT credit availed by the appellants or to recover interest or to impose penalty on any of them - appeal allowed - decided in favor of appellant.
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