Reversing input credit negates need to reverse 8% or 10% value u/r 57 AH/Cenvat Credit Rules.

Cenvata Credit - Once the credit of inputs used in exempted goods stands reversed, the demand for reversal of 8%/10% amount of value of exempted goods in terms of Rule 57 AH or Rule 6 of CCR does not sustain. - AT .....

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