2007 (9) TMI 107

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....ion for waiver of pre-deposit of duty of Rs. 51,49,012/- representing cenvat credit taken on capital goods and equal amount of penalty, we find that it is possible to decide the appeal itself at this stage and hence proceed to do so with the consent of both sides after waiving the requirement of pre-deposit. 2. Credit has been denied for the reason that it has been held that the capital goods w....