https://www.taxtmi.com/caselaws?id=126410 The Tribunal ruled in favor of the appellants in a case concerning the disallowance of Cenvat credit on capital goods. The dispute centered on ownership of the goods purchased from M/s. ITC Ltd. The Tribunal interpreted Rule 4(3) of the Cenvat Credit Rules, 2004, in favor of the appellants, allowing credit even for goods acquired through lease agreements. Pre-deposit was waived, and recovery of duty and penalty was stayed during the appeal process. The Tribunal found a strong prima facie case for the appellants, emphasizing the rule's provisions and relevant precedents. en-us Thu, 28 May 2009 00:00:00 +0530 Tue, 06 Nov 2012 13:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126410 The Tribunal ruled in favor of the appellants in a case concerning the disallowance of Cenvat credit on capital goods. The dispute centered on ownership of the goods purchased from M/s. ITC Ltd. The Tribunal interpreted Rule 4(3) of the Cenvat Credit Rules, 2004, in favor of the appellants, allowing credit even for goods acquired through lease agreements. Pre-deposit was waived, and recovery of duty and penalty was stayed during the appeal process. The Tribunal found a strong prima facie case for the appellants, emphasizing the rule's provisions and relevant precedents. Case-Laws Central Excise Thu, 28 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126410