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2008 (8) TMI 148 - AT - Central ExciseCredit on capital goods was not taken by assessee when he was working under Compounded levy scheme – but with the withdrawal of scheme appellant took credit of duty paid on capital goods – subsequently credit was reversed by appellant - capital goods were received when the Scheme was in force and during such period, credit could not be availed by the manufacturer - As such, it cannot be said that appellant had earned the credit - interest is confirmed – imposition of penalty is not called for
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