https://www.taxtmi.com/caselaws?id=122705 The Tribunal allowed the appellants' claim for Cenvat credit on capital goods, overturning the Commissioner's denial and penalty imposition. It emphasized that eligibility for credit is determined at the time of goods receipt, irrespective of the final product's duty status. Relying on previous Tribunal decisions and a Supreme Court affirmation, the Tribunal held in favor of the appellants, granting a waiver of pre-deposit and stay of recovery for duty and penalty amounts. The decision aligned with established principles, dismissing the civil appeal against it. en-us Tue, 31 Jul 2007 00:00:00 +0530 Thu, 16 Aug 2012 16:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122705 The Tribunal allowed the appellants' claim for Cenvat credit on capital goods, overturning the Commissioner's denial and penalty imposition. It emphasized that eligibility for credit is determined at the time of goods receipt, irrespective of the final product's duty status. Relying on previous Tribunal decisions and a Supreme Court affirmation, the Tribunal held in favor of the appellants, granting a waiver of pre-deposit and stay of recovery for duty and penalty amounts. The decision aligned with established principles, dismissing the civil appeal against it. Case-Laws Central Excise Tue, 31 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122705