Cenvat Credit Lapse Confirmed for E-Bike Manufacturers u/r 6(3) After Duty Exemption on April 29, 2008.

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....Whether the provisions of Rule 6(3) of the cenvat Credit Rules are applicable or not and whether the Cenvat Credit shall lapse on 29.04.2008 when e-bikes became exempted from levy of duty or not - manufacture of exempted i.e. e-bikes and dutiable i.e. its parts - Rule 6(3) is applicable - Credit shall lapse - AT....