Appellant Reverses Mistakenly Taken CENVAT Credit; Rule 6(3)(i) Considered Inapplicable Due to Reversal Equivalence.

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....Reversal of CENVAT Credit - When the mistake was pointed, the appellant reversed the proportionate common credit taken on input services used in the provision of exempt services. Therefore, Rule 6(3) (i) will not have any application, when a credit is taken wrongly and the same is reversed as it tantamount to nonavailment of the credit. - AT....