CENVAT Credit Denied: Final Product Classified as Exempt Under Notification No. 50/2003-CE and Rule 6(1), 2004.

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....CENVAT credit - area based exemption - N/N. 50/2003-CE - Since the only final product manufactured by respondents are held to be exempted goods, the benefit of CENVAT Credit is not eligible in the terms of Rule 6(1) of CCR, 2004 - AT....