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2012 (11) TMI 1013 - AT - Central ExciseCENVAT Credit - Goods destroyed in fire - Whether, in respect of certain capital goods which were used by the respondent for the manufacture of excisable goods over a period of time and subsequently happened to be destroyed in a major fire accident on 25/01/2006, they are liable to pay an amount equal to the CENVAT credit or an amount proportionate to the depreciated value of the capital goods - Held that:- respondent has mainly relied on the Hon’ble Karnataka High Court’s decision in CCE, Bangalore vs. Tata Advanced Materials Ltd. [2011 (4) TMI 1124 - KARNATAKA HIGH COURT]. It is fairly conceded by the learned Superintendent(AR) that the decision cited by the respondent is one rendered by the Hon’ble High Court in the Central Excise appeal filed by the Department in the case of Tata Advanced Materials Ltd. - Decided against Revenue.
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