TMI Blog2018 (8) TMI 404X X X X Extracts X X X X X X X X Extracts X X X X ..... e of exempted final products - It stands held in number of decisions of the higher courts that such reversal of credit would lead to a situation as if no credit was ever availed. Inasmuch as the appellant have admittedly reversed the credit, there are no reasons to uphold the impugned orders directing them to pay 10% of the value of the exempted product - appeal allowed - decided in favor of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... were being utilized for payment of duty on both types of biscuits and a common record was being maintained by them. 2. With effect from 01/03/2007 biscuits having RSP less than of ₹ 50/- per Kg. became exempted, though the biscuits of RSP more than of ₹ 50/- continued to remain dutiable. As the appellant had availed Cenvat credit of duty on the raw materials which have gone into man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ating Authority and upheld by Commissioner (Appeals). Hence the present appeal. 4. After hearing both the sides, we find that there is no dispute about the reversal of Cenvat credit relatable to inputs which stand utilized in the manufacture of exempted final products. It stands held in number of decisions of the higher courts that such reversal of credit would lead to a situation as if no cred ..... X X X X Extracts X X X X X X X X Extracts X X X X
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