2007 (2) TMI 417

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....ondent. [Order]. - In this case Cenvat Credit of Rs. 9,46,318/- taken on capital goods which was subsequently exported as such has been disallowed and ordered to be paid back as per the provisions of Rule 3(4) of the Cenvat Credit Rules 2002 which provides for payment of an amount equal to credit availed in respect of inputs or capital goods which are removed as such from the factory and penalt....