Company Not Required to Reverse CENVAT Credit for Re-Exported Defective Inputs, Per Rule 3(5) of Cenvat Credit Rules 2004.

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....Reversal of CENVAT credit - whether the appellant while clearing the imported inputs which were found to be defective and unusable and later re-exported from their premises, is required to pay an amount equal to the credit availed on such inputs as per Rule 3(5) of the Cenvat Credit Rules, 2004 - Held No - AT....