https://www.taxtmi.com/caselaws?id=77455 Capital goods Cenvat credit was held admissible where the goods were received during the currency of the Cenvat Credit Rules, 2002, and entitlement had to be examined under Rule 3(1) read with Rule 4. The unit's SSI exemption from registration did not extinguish credit, because no rule made registration a precondition for availment, and Rule 11(1) of the Cenvat Credit Rules, 2004 preserved unutilized credit earned under the earlier regime. Rule 6(4) also did not bar credit on goods covered by a value-based exemption within the prescribed limit, so denial solely for non-registration was not justified. en-us Tue, 16 Mar 2010 00:00:00 +0530 Fri, 17 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77455 Capital goods Cenvat credit was held admissible where the goods were received during the currency of the Cenvat Credit Rules, 2002, and entitlement had to be examined under Rule 3(1) read with Rule 4. The unit's SSI exemption from registration did not extinguish credit, because no rule made registration a precondition for availment, and Rule 11(1) of the Cenvat Credit Rules, 2004 preserved unutilized credit earned under the earlier regime. Rule 6(4) also did not bar credit on goods covered by a value-based exemption within the prescribed limit, so denial solely for non-registration was not justified. Case-Laws Central Excise Tue, 16 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77455