2006 (2) TMI 517

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..... Respondent. [Order per : S.L. Peeran, Member (J)]. The appellants are required to pre-deposit duty of Rs. 8,62,604/- and like sum as penalty. The department has proceeded to reverse the Cenvat credit in respect of Work in progress . The learned Counsel points out that in terms of Rule 9 of Cenvat Credit Rules, the credit lapses automatically. In such situation, they have not taken the c .....

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