2012 (1) TMI 54

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....ant   Shri M.M. Ravi Rajendran, DR, for the respondent   This appeal of the assessee is directed against demand of duty of Rs. 4,76,052/- arising out of denial of CENVAT credit to the assessee on their own final product returned by buyers during the period from April, 2006 to August, 2008. The appellant was engaged in the manufacture of PVC compound, PVC Master Batch and LDPE/HDPE ....

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....e assessee's buyers were remelted by making use of the same machinery and fresh products viz. PVC compound, PVC Master Batch, etc. emerged. It is also not in dispute that these products were cleared on payment of appropriate duty. In this factual matrix, the appellant could not have been asked to reverse the CENVAT credit availed on the returned goods. This is because the returned goods were subje....