2007 (2) TMI 65

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.... of capital goods was denied and penalty is imposed on the ground that the appellant availed credit in violation to the provisions of Rule 173Q of Central Excise Rules. 2. The brief facts of the case are that the appellants are engaged in the manufacture of steel ingots and billets and they entered into an agreement with M/s. General Electric Company to undertake the expansion of their unit by in....