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2012 (11) TMI 445 - AT - Central ExciseCenvat Credit on Capital Goods - Held that:- As the principal manufacturer has claimed depreciation under Section 32 of the Income Tax Act, 1961, in respect of capital goods supplied by him to be used by the job worker in manufacture of Confectionery and further the assessee have not acquired the capital goods on lease or hire purchase or under loan agreement from a finance company Cenvat Credit on Capital goods cannot be taken - against the appellant - Appellant is directed to deposit the duty along with interest and penalty within six weeks from the date of order.
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