2007 (11) TMI 487

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..... moved as such from the factory, the manufacturer of the final products shall pay an amount equal to the credit availed in respect of such inputs of capital goods and such removal shall be made under the cover of an invoice referred to in Rule 7 - there is no dispute that the capital goods were cleared in the month of May, 2003. Therefore, Cenvat Credit Rules, 2002 would be followed at the time of .....

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..... f such inputs of capital goods and such removal shall be made under the cover of an invoice referred to in Rule 7. 3. The Commissioner (Appeals) allowed the appeal of the Respondent on the ground that Rule 3(4) of the Cenvat Credit Rules, 2002 is not applicable in this case as the Modvat credit is taken in 1994. In the present case, there is no dispute that the capital goods were cleared in the .....

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