2015 (12) TMI 1097

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.... AC (AR) ORDER It is explained by the appellant that the capital goods which were acquired domestically did not enjoy capital goods credit at the time of acquisition since no duty was paid as the appellant was an EOU. When the appellant was de-bonded to forgo the EOU status, appellant paid appropriate duty on the capital goods so de-bonded. The excise duty so paid on the de-bonding of capital g....

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....eld by the Honble Madras High Court in the case CCE, Chennai Vs. CESTAT, Chennai 2015 (322) ELT 697 (Mad.). Therefore, denial of capital goods credit is contrary to law. 2. Revenue on the other hand says that the appellant only was engaged in the manufacture as a job worker it had not paid any duty for which it is not entitled to enjoy any capital goods credit since the goods were covered under N....