2008 (7) TMI 737

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..... n dispute in the present case relates to whether reversal of credit availed on input is sufficient when the inputs are cleared as such. According to the Revenue, such reversal is not sufficient as Rule 3(4) of the Cenvat Credit Rules, 2001 provided for payment of an amount equal to duty of excise leviable on such goods at the rate applicable on the date of such removal, while, according to the app .....

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