Rule 4(2)(b) Cenvat Credit: 50% Credit on Capital Goods Available Without Dutiability Condition.

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....Denial of 50% of the credit taken in subsequent financial year - There is no condition provided under Rule 4(2)(b) of the Cenvat Credit Rules that the credit of remaining 50% of duty paid on capital goods is to be availed in case the capital goods have been used in the manufacture of dutiable product - AT....