https://www.taxtmi.com/caselaws?id=128209 The Tribunal allowed the appeal filed by the assessee regarding the availment of Cenvat credit on capital goods. The decision emphasized possession of the goods over actual usage, overturning the denial of credit based on non-usage. The judgment clarified the interpretation of Rule 4(2)(b) of the Cenvat Credit Rules, 2004, setting a precedent for cases where denial of credit due to non-use was considered unjustified. The Tribunal's ruling resulted in the rejection of the Revenue's appeal for penalty enhancement. en-us Thu, 27 Aug 2009 00:00:00 +0530 Sat, 30 Mar 2013 10:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128209 The Tribunal allowed the appeal filed by the assessee regarding the availment of Cenvat credit on capital goods. The decision emphasized possession of the goods over actual usage, overturning the denial of credit based on non-usage. The judgment clarified the interpretation of Rule 4(2)(b) of the Cenvat Credit Rules, 2004, setting a precedent for cases where denial of credit due to non-use was considered unjustified. The Tribunal's ruling resulted in the rejection of the Revenue's appeal for penalty enhancement. Case-Laws Central Excise Thu, 27 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128209