Cenvat credit on Capital goods used in intermediate products exempt from duty under the new set of rules.

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..... m duty under the new set of rules. Sir, I am directed to refer to the subject cited above and to say that in the absence of a corresponding provision to rule 57R (2) of Central Excise Rules, 1944 in new rules effective from 1.7.2001, a doubt has arisen whether cenvat credit shall be available on the capital goods used in manufacturing of intermediate goods exempt from payment of duty e.g. capita .....

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