Insertion of new section 5B

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..... he following section shall be inserted, namely: - Non-reversal of CENVAT credit. "5B. Where an assessee has paid duty of excise on a final product and has been allowed credit of the duty or tax .....

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..... the order for non-reversal of credit shall not apply where an assessee has preferred a claim for refund of excise duty paid by him: Provided further that the Central Government may also specify in .....

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