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2008 (2) TMI 369 - RAJASTHAN HIGH COURTDeemed credit under notification No. 58/97 - Credit on captive consumption of inputs (specified re-reolled non-alloy steel products, bars, flats etc.) – goods (duty paid inputs) were removed from the Re-rolling unit to Forging factory - both the factories are owned by the same person – held that there is no earthly reason, not to allow the modvat credit to the forging division of the assessee; simply because the two units are owned by the same company, and/or are situated in the same premises.
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