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    <title>2012 (6) TMI 522 - CESTAT, MUMBAI</title>
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    <description>Reversal of CENVAT credit with interest was treated as non-availment for purposes of Notification No. 1/2006 where the credit related to services received before the notified cut-off date, so the benefit of the notification was not denied and penalty was not imposed in view of bona fide belief. CENVAT credit on outward transportation services was also admissible for the relevant period, as the then prevailing legal position recognised such credit before 01.04.2008. The impugned order was set aside and the assessee received full relief.</description>
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      <description>Reversal of CENVAT credit with interest was treated as non-availment for purposes of Notification No. 1/2006 where the credit related to services received before the notified cut-off date, so the benefit of the notification was not denied and penalty was not imposed in view of bona fide belief. CENVAT credit on outward transportation services was also admissible for the relevant period, as the then prevailing legal position recognised such credit before 01.04.2008. The impugned order was set aside and the assessee received full relief.</description>
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      <pubDate>Thu, 12 Apr 2012 00:00:00 +0530</pubDate>
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