2010 (4) TMI 1037

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Full Text of the Document

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....se are that during the period 14.9.2004 to 30.9.2005, the appellants herein, who are manufacturers of steel forgings, axle shafts and dies, received furnace oil from M/s. Indian Oil Corporation Ltd., Tondiarpet Terminal, under the cover of invoices and took CENVAT credit based on such invoices. The credit availed was found to be in excess inasmuch as M/s. IOC had passed on excess credit by not ado....