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2013 (10) TMI 404

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....d stay petitions are directed against Order-in-Original no. 05/RN/COMMR/M-II/2013-14 dated 21/06/2013 passed by the Commissioner of Central Excise, Mumbai-II. 2. M/s Hindustan Petroleum Corporation Ltd., availed CENVAT credit on capital goods of the 100% of the duty paid on the capital goods in the first year itself. As per CENVAT Credit Rules, the appellant is entitled to take credit of only 50%....

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....t year, which is incorrect. However, the appellant is eligible for taking CENVAT credit of the balance 50% in the subsequent year and, therefore, what is liable to be paid by them is only interest on 50% of the credit taken in advance. As regards the CENVAT credit of Rs.14.42 lakhs, they are not disputing their liability except for an amount of Rs.8900/- which pertains to credit on welding rods us....