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Central Excise - Highlights / Catch Notes

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Reversal of the cenvat credit on capital goods when the final ...

Central Excise

January 15, 2024

Reversal of the cenvat credit on capital goods when the final product manufactured by use of such capital goods became exempted subsequently - the capital goods were not used exclusively for the manufacture of exempted of final product. Hence, the allegation of the show cause notice that the capital goods were used exclusively for manufacture of exempted final product is not correct. - AT

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