https://www.taxtmi.com/caselaws?id=124882 Cenvat credit on capital goods was examined under the rule permitting only one benefit for the same asset: either depreciation under income-tax law or excise-based credit. Reversal of a previously claimed depreciation deduction did not by itself establish entitlement to Cenvat credit, absent a prima facie legal basis. Consequently, waiver of pre-deposit was declined, and the appeal could proceed only after compliance with the directed pre-deposit. en-us Thu, 15 Jan 2009 00:00:00 +0530 Tue, 16 Oct 2012 17:13:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124882 Cenvat credit on capital goods was examined under the rule permitting only one benefit for the same asset: either depreciation under income-tax law or excise-based credit. Reversal of a previously claimed depreciation deduction did not by itself establish entitlement to Cenvat credit, absent a prima facie legal basis. Consequently, waiver of pre-deposit was declined, and the appeal could proceed only after compliance with the directed pre-deposit. Case-Laws Central Excise Thu, 15 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124882