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2017 (1) TMI 536 - AT - Central ExciseJob work - credit on capital goods - whether cenvat credit was correctly availed by the appellants on capital goods used exclusively for manufacturing goods as a job worker for their principal manufacturer? - Interest - Penalty - Held that: - the Hon ble Madras High Court in the case of C.C.E., Chennai vs. Kyungshin Industrial Motherson Ltd. [2015 (11) TMI 899 - MADRAS HIGH COURT ]wherein it was held that wiring harness was removed without payment of duty under job work procedure to the principal manufacturer and that semi-finished goods removed by the job worker from its unit to the principal, without payment of duty, would not come within the scope of expression exempted final product used in Rule 57R(1) equivalent to Rule 6(4) of the CCR, 2004. The Tribunal has rightly held that availment of Madvat Credit on capital goods to be job work is in order - Decided in favor of the assessee.
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