CENVAT Credit Reversal Required for HR Coils Used in Exempted Pipes per Rule 6(1) of Central Excise Rules.

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Full Text of the Document

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....Reversal of Credit - All these HR Coils were exclusively used in manufacture of exempted pipes and were not used in any other duty paid pipes - the availment of CENVAT Credit will be barred by Sub-rule (1) of Rule 6 of the Rules - credit availed is required to be reversed....