CENVAT Credit Allowed: Drawing Wire from Thicker to Thinner Gauge Not Considered Manufacturing, Credit Valid for Duty Paid.

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....CENVAT credit - denial on the ground that the activity of drawing of wire from thicker to thinner gauge does not amount to manufacture - they have taken credit on the duty paid on wire rodes and after the process of drawing they have paid duty determined on clearances on the transaction value - Cenvat Credit is legally admissible. - AT....