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2004 (5) TMI 123 - AT - Central ExciseExtract: .......capital goods were received is contrary to the Rules. The rules do not provide that if 50 credit is not taken in the same financial year in which capital goods were received, then it will lapse. We, therefore, allow the appeal and direct that 50 credit denied to the appellants should be allowed to them. The appeal is disposed of in the above terms.
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