Assessee Exempt from 10% Charge on ICB Goods u/r 6(6)(vii); CENVAT Credit Demand Invalid.
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....CENVAT Credit - demand of 10% of the price of the exempted goods - goods have been supplied under International Competitive Bidding (ICB) - the benefit of Rule 6(6)(vii) has to be extended to the assessee and no demand can be confirmed against them.....
TaxTMI