2014 (6) TMI 651

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.... 2. The appellants are engaged in the manufacture of cotton yarn classifiable under Chapter 52 of the CETA, 1985. During the period from 19.10.2005 to 24.5.2006, the appellants cleared the old and used capital goods to their other units on payment of duty on the transaction value. The adjudicating authority held that the appellant is liable to reverse the entire credit originally taken on the impu....