https://www.taxtmi.com/caselaws?id=123291 The Appellate Tribunal CESTAT, Mumbai held in favor of the assessees in a case concerning the interpretation of C.B.E.C. circulars on Cenvat credit for capital goods. The Tribunal ruled that assessees were entitled to take 50% credit upon receipt, not just upon installation, as per a 2000 circular. The subsequent 2006 circular requiring installation before availing balance credit was deemed inapplicable retrospectively. The Tribunal emphasized the binding nature of beneficial circulars and rejected the Revenue's appeal, affirming the admissibility of Cenvat credit without installation of capital goods. en-us Thu, 17 Jan 2008 00:00:00 +0530 Tue, 11 Sep 2012 14:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123291 The Appellate Tribunal CESTAT, Mumbai held in favor of the assessees in a case concerning the interpretation of C.B.E.C. circulars on Cenvat credit for capital goods. The Tribunal ruled that assessees were entitled to take 50% credit upon receipt, not just upon installation, as per a 2000 circular. The subsequent 2006 circular requiring installation before availing balance credit was deemed inapplicable retrospectively. The Tribunal emphasized the binding nature of beneficial circulars and rejected the Revenue's appeal, affirming the admissibility of Cenvat credit without installation of capital goods. Case-Laws Central Excise Thu, 17 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123291