2009 (1) TMI 569

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....ri A.K. Rastogi, DR, for the Respondent. [Order per : D.N. Panda, Member (J)]. - The learned Counsel Shri Bipin Garg submits that the Cenvat credit on capital goods is admissible to the appellants. But for the inadvertant mistake, they could not claim such a credit because depreciation was claimed under the Income-tax Act, 1961. But they have reversed depreciation claim and seek Cenvat credi....

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....re-deposit. Therefore, we direct the appellant to deposit Rs. 30 lakhs only (Rupees Thirty lakhs) as pre-deposit for hearing of the appeal. We allow the appellant to make payment of this directed amount in three equal instalments of Rs. 10 lakhs (Rupees ten lakhs) each. The first instalment shall be payable on 30th January, 2009 and second instalment on 27th February, 2009. The third instalment sh....