https://www.taxtmi.com/caselaws?id=126005 Cenvat credit was treated as admissible where used printing cylinders were sent for reconditioning under a job-work arrangement and received back after duty-paid manufacture by the job worker. Rule 3(5) of the Cenvat Credit Rules, 2004 was held inapplicable because the cylinders were not removed as such, but after use as capital goods. The earlier credit reversal was therefore not required on these facts. The Revenue's contrary reliance was distinguished as dealing with capital goods sent as such. The arrangement was also noted as revenue neutral, since any reversed credit would have been available to the job worker for duty payment. en-us Tue, 10 Feb 2009 00:00:00 +0530 Thu, 01 Nov 2012 13:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126005 Cenvat credit was treated as admissible where used printing cylinders were sent for reconditioning under a job-work arrangement and received back after duty-paid manufacture by the job worker. Rule 3(5) of the Cenvat Credit Rules, 2004 was held inapplicable because the cylinders were not removed as such, but after use as capital goods. The earlier credit reversal was therefore not required on these facts. The Revenue's contrary reliance was distinguished as dealing with capital goods sent as such. The arrangement was also noted as revenue neutral, since any reversed credit would have been available to the job worker for duty payment. Case-Laws Central Excise Tue, 10 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126005