2007 (5) TMI 511

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....dent. [Order per : C.N.B. Nair, Member (T)]. -  Heard both sides and perused the record. 2. The demand has arisen on account of denial of Cenvat credit (capital goods). The credit has been held to be not due for the reason that the value of the capital goods remained written off according to the Balance Sheet. 3. The appellant's contention all along was that the capital goods i....