2006 (8) TMI 96

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..... nal Order No. A/274/2007-WZB/C-IV/(SMB) - Dated:- 2-8-2006 - [Order per]. - Heard both sides. 2. The issue involved in this appeal is that whether Thermocole Patterns used in the manufacture of castings in the foundry will come under the purview of "Cenvat Inputs" or "Capital Goods". 2. Both the adjudicating authorities and the Commissioner (Appeals) held that moulds and dyes as defined .....

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..... er 1-4-2001. The Commissioner (Appeals) had reduced the penalty to Rs. 50,000/- as against equal amount of penalty of the credit taken of Rs. 2,99,048/-. Further, the Commissioner (Appeals) has permitted Cenvat credit to the extent of 50% (allowed) though goods are consumed, in terms of Board Circular. Thus, considering the facts and circumstances of the case and submissions made by both sides, I .....

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