2013 (2) TMI 468

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....of CENVAT credit of Rs.3,32,800/- and equal amount of penalty. The said credit was denied to the appellant on capital goods in the financial year 2007-08 on the ground that the benefit of depreciation of value of the capital goods was simultaneously availed by the party under the relevant provisions of the Income Tax Act. 2. There is no representation for the applicant dispute notice, nor any r....

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.... ground of simultaneous availment of depreciation of value of capital goods under the Income Tax Act. 4. In the result, the appellant has no prima facie case on merits. Their application contains no plea of financial hardships either. Hence there will be a direction to the appellant to pre-deposit the duty amount of Rs.3,32,800/- (Rupees Three Lakhs Thirty Two Thousand Eight Hundred only) withi....