TMI Blog2011 (8) TMI 167X X X X Extracts X X X X X X X X Extracts X X X X ..... that subsequent reversal of modvat credit amounts to non taking of credit on inputs and the benefit of exemption of notification cannot be denied even if reversal of credit on input was done - Therefore set aside the impugned order and remand the matter to the original adjudicating authority for verification of the fact of reversal of credit. - ST/1896-1897/10 - - - Dated:- 26-8-2011 - Mrs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f no credit was availed by them. By relying upon the various decisions, learned Advocate submits that the benefit of notification cannot be denied on the ground that the said reversal of credit was subsequent to the availment of exemption notification. 4. We find that the issue no more res integra as the same stands settled by the Hon ble Allahabad High Court in the case of Hello Minerals Wate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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