Denial of CENVAT Credit for 100% EOU on Debonding Contradicts CENVAT Credit Rules, 2004 Objectives for Export Facilitation.

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....Carry forward of accumulated credit on Debonding of units - 100% EOU - Denial of CENVAT credit accumulated from duties discharged on procurements employed in exported goods would, therefore, load the burden on the exporter which defeats the very premise that is contained in the CENVAT Credit Rules, 2004....