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2012 (5) TMI 451 - AT - Central ExciseCenvat credit - 100% credit availed in the first year – Held that:- at the time of receipt of the capital goods while the credit should have been confined only to 50% of the duty amount and balance amount of the credit should have been taken in the next financial year, the appellant have taken full credit at the time of receipt of the capital goods, appellant would become eligible for the balance 50% of the credit and as such the appellant liability would be only in respect of interest on the amount of wrongly Cenvat credit taken for the period for which it was irregular, appellant are directed to deposit an amount of Rs. 2,50,000/- (Rupees Two Lakhs Fifty Thousand only) within a period of eight weeks from the date of this order. On deposit of this amount within the stipulated period, the requirement of pre-deposit of balance amount of Cenvat credit demand, interest and penalty would stand waived and recovery thereof stayed till the disposal of the appeal
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