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2016 (8) TMI 37 - CESTAT MUMBAIReversal of credit taken on capital goods - removal of capital goods after use of 10 years - period from 1.9.2004 to 13.11.2007 - Held that:- the appellants are only required to reverse the credit calculated in terms of CBE&C Circular cited above. If that is a case then the liability of the appellants is limited to around ₹ 10,000/- whereas they have already reversed over ₹ 97,000/-. In these circumstances, no demand can be sustained against the appellants. The appeal is accordingly allowed. - Decided in favor of assessee.
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