CENVAT Credit Entitlement Confirmed for Exported Inputs u/r 19: No Reversal Needed to Promote Exports Over Taxes.

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....CENVAT Credit - exported of inputs as such - even if inputs are assumed to have been cleared as such, they are duty paid excisable goods which were cleared under bond in terms of Notification issued under Rule 19 which does not provide for reversal of credit of duty paid on such exported excisable goods because legislative intent was to promote export of goods and not export of taxes. - AT....