TMI Blog2015 (6) TMI 700X X X X Extracts X X X X X X X X Extracts X X X X ..... as not in any case payable by them, Cenvat credit of ₹ 61,000/- was be available to them if they are liable to pay duty - Held that:- The same was reversed by paying duty liability on the goods which were not required to pay any duty. As such by using the said credit for payment of duty, they are deemed to have reversed the same, thus making the entire situation as revenue neutral. As such, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ays i.e. on 4th and 5th May, 2007 on payment of duty, by utilizing the Cenvat credit. 2. On Revenue s objection to use of Cenvat credit and directing for reversal of balance Cenvat credit, the appellant reversed the balance available Cenvat credit. 3. The sole dispute in the present appeal is only as to whether the appellant is liable to reverse the Cenvat credit of ₹ 61,000/- approx. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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