2014 (2) TMI 529

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....llant is engaged in the manufacture of bulk drugs and intermediaries. Taking a view that availing CENVAT credit on MS Channels, MS Plates and HR Coils etc. used in the newly constructed Block by the appellant is not admissible, proceedings were initiated to deny CENVAT credit of Rs. 14,13,992/- availed during the years 2007-08 and 2008-09. Show-cause notice was issued on 4.11.2009. Before the lowe....