CENVAT Credit Reversal on Bagasse Deemed Invalid; Rule 6 of CENVAT Credit Rules, 2004, Not Applicable.

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....Reversal of CENVAT Credit - Bagasse - Bagasse not to be a manufactured product, and therefore Rule 6 of the CENVAT Credit Rules, 2004 shall have no application - The circular treating Bagasse to be a non-excisable good, is clearly erroneous, is liable to be quashed with regard to Bagasse.....