2006 (6) TMI 270

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....2. The appellants have taken Modvat Credit on Moulds used for manufacture of Steel Ingots. 50 per cent of the same was taken for the year 2000-2001, and the balance 50 per cent was taken in 2001-2002. There was no dispute that the Mould was used in the very first year and they were not existing in the possession of the appellants in the second year and hence the credit has been denied to the ....