Cenvat Credit Lapse Confirmed for E-Bike Manufacturers u/r 6(3) After Duty Exemption on April 29, 2008.

Whether the provisions of Rule 6(3) of the cenvat Credit Rules are applicable or not and whether the Cenvat Credit shall lapse on 29.04.2008 when e-bikes became exempted from levy of duty or not - manufacture of exempted i.e. e-bikes and dutiable i.e. its parts - Rule 6(3) is applicable - Credit shall lapse - AT .....

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