Regarding CENVAT credit taken or utilized on the process cutting, slitting or printing of aluminium foils.

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..... tion No. 24/2012 - Central Excise (N. T.) New Delhi, the 19th April, 2012 G.S.R. (E) . -In exercise of the powers conferred by section 5B of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby orders that where an assessee has paid duty of excise on the process of cutting, slitting and printing of aluminium foils (hereinafter referred to as final product), falling under hea .....

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..... the said non-reversal shall be allowed only when excise duty has been paid on removal of the said final product. (c) the said assessee shall not prefer a claim of refund of the excise duty paid by him on the said final product: Provided that the CENVAT credit, if any, taken by the buyer of the said final product, of the excise duty paid by the said assessee on the said final product made and c .....

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