2004 (12) TMI 591

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..... Respondent. [Order per : P.G. Chacko, Member (J) (Oral)]. Cenvat credit of Rs. 2,14,182/- was denied to the appellants in respect of capital goods which were received in their factory in Feb.-Mar. 2000 but installed on or after 1-4-2000. The relevant Rule, cited by ld. Counsel for the appellants is Rule 57AC(2)(c), which permits availment of Cenvat credit on capital goods received in th .....

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..... ed the credit taken by the party. In this respect, we find that there is a decision of the Tribunal which is apparently in favour of the appellants vide Shiva Agrico Implements Ltd. v. CCE [2002 (149) E.L.T. 716 (Tri. - Del.)]. 3.Ld. DR has relied on the Board s Circular No. 522/18/2000 dated 31-3-2000 in support of his argument that, in respect of capital goods received in the factory till 31-3 .....

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