Commissioner Of Central Excise, ... vs M/S Bombay Dyeing & Mfg. Co.Ltd on 8 August, 2007
6. At the outset, we find that the contention of the ld.Counsel that they have reversed an amount of Rs.3,26,564/- of the CENVAT Credit availed on common input services for the period 18.01.2007 to 31.03.2008 and 01.04.2008 to 31.03.2010. To that extent, we hold that the appellant has complied with the law as has been settled by the higher Court that once the CENVAT Credit is reversed, it has to be held that the appellant had not availed such CENVAT Credit. For this, we gainfully rely upon the ratio laid down by the Apex Court in the case of CCE Mumbai Vs Bombay Dyeing & Mfg.Co.Ltd 2007 (215) ELT 3 (SC), which has been followed by the Hon'ble High Court of Bombay in the case of Steelco Gujarat Ltd Vs. UoI 2012 (285) ELT 161 (Bom.)