Denial of CENVAT Credit on Agricultural Tractors Overturned; No Reversal Needed When Switching to Rule 6(2.

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....Denial of CENVAT Credit - agricultural tractors - switching over from Rule 6(3)(b) to Rule 6(2) - There is nothing in Cenvat Credit Rules or any other provision in the law that before switching over to Rule 6(2) above, a manufacturer is required to reverse the credit of inputs available in its stores, work in progress and in the finished goods on that date - AT....