https://www.taxtmi.com/caselaws?id=207616 The Tribunal dismissed the Revenue's appeal, affirming that the respondents are entitled to claim modvat credit on dies received on loan basis, as ownership is not a prerequisite for claiming credit on duty paid on capital goods. The Tribunal relied on previous decisions establishing that manufacturers can claim credit for capital goods regardless of ownership. The respondents were deemed eligible for the credit as they utilized the dies in manufacturing goods. en-us Tue, 06 Sep 2011 00:00:00 +0530 Mon, 19 Dec 2011 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207616 The Tribunal dismissed the Revenue's appeal, affirming that the respondents are entitled to claim modvat credit on dies received on loan basis, as ownership is not a prerequisite for claiming credit on duty paid on capital goods. The Tribunal relied on previous decisions establishing that manufacturers can claim credit for capital goods regardless of ownership. The respondents were deemed eligible for the credit as they utilized the dies in manufacturing goods. Case-Laws Central Excise Tue, 06 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207616