2016 (10) TMI 1193

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..... vat credit on the capital goods. Such essential condition was satisfied - credit allowed - appeal allowed - decided in favor of appellant. - E/40965/2016 - Final Order No. 42032/2016 - Dated:- 21-10-2016 - Shri D.N. Panda, Member (J) Shri S. Muthuvenkataraman, Advocate, for the Appellant. Shri K.P. Muralidharan, AC (AR), for the Respondent. ORDER Learned Counsel Shri S. Muth .....

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..... records. 4. Before the adjudicating authority, it was categorical submission of the appellant, as has been recorded in para 5 of his order, that appellant reversed the credit under Central Excise invoice in terms of Rule 11 and because of the use of the capital goods in Unit-IV, Unit-IV was entitled to take capital goods credit. What the law requires is use of the capital goods for the purpose .....

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