2014 (7) TMI 68

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.... confirmed against them. 2. The brief facts of the case are that appellant procured capital goods during the year 2007-08 and taken the Cenvat credit of duty paid thereon. Simultaneously, they claimed deprecation for Income Tax purpose. As per Rule 4(4) of CENVAT Credit Rules, 2004, the appellant is not entitled to take Cenvat credit of the duty paid on capital goods if they have claimed deprecia....