Reversal of Credit Not Required for Capital Goods Acquired Pre-1994 u/r 3(5) of Cenvat Credit Rules, 2004. (5.

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....Reversal of credit - the capital goods have been acquired prior to 1994 - provisions of Rule 3(5) of CCR, 2004 are not applicable to the facts of this case, assessee were not required to reverse cenvat credit at all as they have not taken cenvat credit. - AT....