Area-Based Exemption Leads to Revenue Neutrality; Assessee Allowed Refund After Cenvat Credit Utilization Adjustment.

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....Area based exemption - Refund - Assessee did not take the available Cenvat credit during the period it was available and paid the excess from the PLA and took the refund thereof. Later on, they took Cenvat credit which was available and paid less duty - it is situation of revenue neutrality - refund allowed - AT....