2007 (4) TMI 52

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.... application for waiver of pre-deposit of duty of Rs. 81,62,763/- and penalty of the equal amount. The applicant availed the credit in respect of capital goods and thereafter the capital goods were removed as such to other units. The applicant paid duty at the depreciated value of the capital goods. The Revenue is of the view that as per the provisions of Cenvat Credit Rules, the manufacturer who ....