Appellate Tribunal allows capital goods credit for manufacturing without ownership requirement.

The Appellate Tribunal CESTAT Chennai allowed the appeal, holding that the appellant was entitled to capital goods credit for manufacturing purposes, emphasizing that ownership was not a prerequisite for claiming such credit. The decision favored the appellant.

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The Appellate Tribunal CESTAT Chennai allowed the appeal, stating that the appellant was entitled to capital goods credit as the goods were used for manufacturing. The tribunal noted that the appellant was the consignee of the capital goods, and ownership was not a requirement for claiming credit. The decision was in favor of the appellant.

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