Reversal of cenvat credit - Sub-Rule (3A) is only a procedure - Consequently, the argument of Revenue is...

Reversal of cenvat credit - Sub-Rule (3A) is only a procedure - Consequently, the argument of Revenue is that the appellants exercising option is mandatory and on its failure, the appellant has no other option but to accept and apply Rule 6(3)(i) and make payment of 5%/10% of the sale price of the exempted goods or exempted services is not acceptable - AT .....

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