https://www.taxtmi.com/caselaws?id=122757 Eligibility for Cenvat credit on capital goods is determined by the date of receipt of the goods in the factory. Where the capital goods were received while the final product was still dutiable, a later exemption of the final product did not extinguish credit already validly earned. The later exempt status of clearances also did not justify disallowance, reversal, or penalty when the credit had been taken and used in accordance with the Cenvat scheme. The assessee's entitlement to credit was therefore upheld and the adverse order set aside. en-us Fri, 17 Aug 2007 00:00:00 +0530 Fri, 17 Aug 2012 10:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122757 Eligibility for Cenvat credit on capital goods is determined by the date of receipt of the goods in the factory. Where the capital goods were received while the final product was still dutiable, a later exemption of the final product did not extinguish credit already validly earned. The later exempt status of clearances also did not justify disallowance, reversal, or penalty when the credit had been taken and used in accordance with the Cenvat scheme. The assessee's entitlement to credit was therefore upheld and the adverse order set aside. Case-Laws Central Excise Fri, 17 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122757