Examining CENVAT Credit on NCCD Paid for Polyester Yarn: Duty Exemption vs. CENVAT Credit Benefits and Revenue Impact.

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....CENVAT credit of NCCD paid on Partially Oriented Polyester Yarn (POY) - Simultaneous availment of duty exemption and benefit of cenvat credit militates against the very object of NCCD levy and would lead to huge leakages in revenue - AT....