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2015 (10) TMI 1974 - CESTAT BANGALORE

2015 (10) TMI 1974 - CESTAT BANGALORE - TMI - Denial of CENVAT Credit - Manufacture - Held that:- when the CENVAT credit availed on the inputs stand utilized for payment of duty on the final product, there would be no requirement of reversal of the said credit even if the activity undertaken by the assessee does not amount to manufacture. By following the decision [2014 (9) TMI 974 - CESTAT NEW DELHI], we set aside the impugned order - Decided in favour of assessee. - E/895/2009-DB - Final Order .....

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iated proceedings against the appellant for denial of the CENVAT credit. The said proceedings stand culminated into the present impugned order passed by the lower authorities confirming demands to the tune of ₹ 6.98 crores approximately and imposing penalty of identical amounts under Rule 15(2) of CENVAT Credit Rules. 2. It is undisputed that the appellants were paying duty of excise on their final product by utilizing the CENVAT credit. As such the question required to be decided is that .....

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