CENVAT Credit Approved for Returned Vehicles u/r 16(1), Integrated into New Manufacturing Process, Duty Credit Confirmed.

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Full Text of the Document

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....CENVAT Credit - Returned goods - When the vehicle is brought back to the factory for the intended purposes as stipulated under Rule 16(1) the credit of duty paid on such vehicle is available to the appellant. Such vehicles undergo a process of manufacture and become part of process of production of new vehicle is settled and undisputed. - Credit allowed - AT....