CENVAT Credit on Capital Goods: Interest Liability Applies, No Penalty for Early Claim of 50% Credit.

CENVAT credit - capital goods - disallowance of Cenvat credit being 50% of the eligible credit, which was required to be taken in the subsequent year, but was taken in the 1st year itself - only the liability for interest survives, no penalty is excisable - AT .....

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