2007 (11) TMI 95 - AT - Central Excise

CG credit impugned machinery even if received in Jan-Feb. 2000 but installed only in F.Y 2000-01 so the unit never actually worked under the compounded levy scheme as per circular B/4/7/2000, appellant is eligible to take 50% of CG credit during F.Y 2000-01

Summary

The appellants received machinery in 2000 but installed it in 2000-2001. They started production in 2000-2001. As they did not work under the Compounded Levy Scheme, they are eligible for 50% Capital Goods Duty credit in 2000-2001. The impugned Order is set aside, and the Appeal is allowed.