Cenvat credit on capital goods affirmed where used for exempt intermediates but integrated into dutiable finished goods production. Cenvat credit should not be denied on capital goods used in manufacturing of intermediate goods exempt from payment of duty where those capital goods are used captively in the manufacture of finished goods chargeable to duty; the Cenvat Credit Rules contain no provision barring such credit despite the absence of a corresponding erstwhile rule.
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Provisions expressly mentioned in the judgment/order text.
Cenvat credit on capital goods affirmed where used for exempt intermediates but integrated into dutiable finished goods production.
Cenvat credit should not be denied on capital goods used in manufacturing of intermediate goods exempt from payment of duty where those capital goods are used captively in the manufacture of finished goods chargeable to duty; the Cenvat Credit Rules contain no provision barring such credit despite the absence of a corresponding erstwhile rule.
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