CENVAT Credit Reversal Not Required for Electricity; Rule 6 of Credit Rules and Section 2(d) Inapplicable.

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....Reversal of CENVAT Credit - electrical energy is not an excisable goods nor it is exempted goods as defined in rule 2(d) of the Credit Rules. Thus, as electricity is not excisable goods under section 2(d) of the Central Excise Act, 1944, rule 6 of the Credit Rules would not be applicable. - AT....