Goods with 2.5% Customs Duty Not Exempt; CENVAT Credit Reversal Required u/r 6(3) of CENVAT Credit Rules.

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....CENVAT credit - What is the meaning of expression “which are exempt from the duties of customs” under rule 6(6)(vii) of CENVAT Credit Rules, 2004 - even 2.5% duty of customs will not make the goods “which are exempted from duty’ - the appellant is not exempted from reversing the credit as per Rule 6(3) of CENVAT Credit Rules. - AT....