2007 (7) TMI 506

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....nbsp;None appeared on behalf of the appellant. Heard the learned D.R. and perused the record. 2. The relevant facts of the case, in brief, are that the appellants have taken 50% Cenvat credit on capital goods during the period 2003-2004 in terms of sub-rule 2(a) of Rule 4 of Cenvat Credit Rules, 2002. They sold/transferred the said capital goods in the same financial year on payment of full ....