Appellant improperly availed Cenvat credit; Rule 3(5B) applies despite claims of isolated situation. Compliance required. (5B.

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....The availment of cenvat credit without paying duty on the goods has resulted in a situation of loss of revenue. The facts of the case present an isolated situation and the contention of the appellant that writing off of the dues to the vendor is not the same as writing off of inputs and that Rule 3(5B) is not applicable is not tenable. - AT....