https://www.taxtmi.com/caselaws?id=108013 Rule 4(2)(a) of the Cenvat Rules was considered in relation to whether 50% of capital goods credit had to be availed within the financial year of receipt. The Department treated non-availment within that period as a basis to deny credit, while the applicant relied on the rule text, a Board circular and prior Tribunal authority supporting a liberal approach to availment of capital goods credit. On a prima facie reading, the Tribunal found a case for interim relief and granted unconditional stay of recovery. en-us Thu, 25 Sep 2003 00:00:00 +0530 Wed, 28 Mar 2012 13:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108013 Rule 4(2)(a) of the Cenvat Rules was considered in relation to whether 50% of capital goods credit had to be availed within the financial year of receipt. The Department treated non-availment within that period as a basis to deny credit, while the applicant relied on the rule text, a Board circular and prior Tribunal authority supporting a liberal approach to availment of capital goods credit. On a prima facie reading, the Tribunal found a case for interim relief and granted unconditional stay of recovery. Case-Laws Central Excise Thu, 25 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108013