2023 (10) TMI 954

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....e Appellant Shri S. S. Chattopadhyay, Authorized Representative for the Revenue ORDER ASHOK JINDAL : The appellant is in appeal against the impugned order denying cenvat credit on capital goods to the extent of 50% thereof. 2. The facts of the case are that the appellant procured capital goods in the year 2006-07 instead of taking 50% of cenvat credit of duty paid on capital goods in the ....

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....rd that in the financial year 2006-07, the appellant procured the capital goods and have not availed any cenvat credit of duty paid in the financial year 2006-07. The appellant took whole of the cenvat credit in the financial year 2007-08. It is the submission that in the financial year 2006-07, the appellant was entitled to take cenvat credit to the extent of 50% of the credit in terms of Rule 4(....