2016 (11) TMI 922

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.... Per: Raju 1. The appellant, M/s.Preciforge & Gears availed credit of certain items as inputs. Revenue was of the opinion that the said goods are not inputs but are capital goods and therefore, the appellants are entitled to credit of 50% for the first year and balance 50% for the next year. The appellants were issued a show-cause notice seeking interest on the 50% amount of the credit avail....