https://www.taxtmi.com/caselaws?id=119492 Credit under Rule 16 of the Cenvat Credit Rules, 2002 was held admissible where machinery cleared on rental basis was returned to the factory, dismantled, and its components were used to manufacture other goods. The lower authority had denied credit because the goods were not brought back for remaking, refining, or reconditioning, but the Tribunal applied the earlier precedent cited by the Commissioner (Appeals) and treated the returned goods as covered on the same facts. On that basis, denial of credit was not sustainable and the appeal failed. en-us Fri, 10 Mar 2006 00:00:00 +0530 Wed, 11 Jul 2012 14:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119492 Credit under Rule 16 of the Cenvat Credit Rules, 2002 was held admissible where machinery cleared on rental basis was returned to the factory, dismantled, and its components were used to manufacture other goods. The lower authority had denied credit because the goods were not brought back for remaking, refining, or reconditioning, but the Tribunal applied the earlier precedent cited by the Commissioner (Appeals) and treated the returned goods as covered on the same facts. On that basis, denial of credit was not sustainable and the appeal failed. Case-Laws Central Excise Fri, 10 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119492