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2010 (1) TMI 344 - CESTAT, NEW DELHIStay- Cenvat Credit- The Applicant has been denied Cenvat credit on the ground that they have not maintained separate accounts for the capital goods/input services used in relation to rendering of taxable services and exempted services. An amount of Rs. 94,57,161/- has been demanded from the applicant alongwith interest and equal amount has been imposed as penalty. Held that- Tribunal in precedent decision held in favour of appellant in their favour. Pre-deposit of balance amounts waived.
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