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Reversing CENVAT Credit on Inputs Treated as Never Availed, Assessee Not Liable for Irregular Availment Charges.
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....CENVAT Credit - removal of inputs as such - input or not - once cenvat credit availed is reversed, it is to be considered as ab initio not availed - the assessee cannot be held to have availed cenvat credit irregularly in respect of inputs cleared as such.....