2006 (1) TMI 290

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..... r per : C.N.B. Nair, Member (T)]. The appellant is a manufacturer of nuts, bolts and screws. The present appeals are directed against orders denying Modvat credit of about Rs. 14.5 lakhs for capital goods and imposition of penalties. Credit has been denied for the reason that the appellant had moved some capital goods from one unit, where credit was taken, to another unit or that some of the .....

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..... vement/receipt of the capital goods, the second unit was not registered with the Central Excise. 4. A perusal of the records makes it clear that capital goods were moved only between the appellant s own units and that too for use in the manufacture of the same final products. The case does not involve any disposal or alienation of Modvated capital goods, which would warrant return/denial of Modv .....

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