https://www.taxtmi.com/caselaws?id=214809 Cenvat credit on air compressors was denied because eligibility was tested by reference to the taxability of the output service on the date the capital goods were received. The goods were received on 05.05.2005, while the intended service became taxable only from 16.06.2005. On that basis, receipt of the capital goods before the output service entered the service tax net meant credit was not admissible. The High Court decision relied on by the assessee was distinguished on facts, and the matter was decided in favour of the Revenue. en-us Fri, 01 Jun 2012 00:00:00 +0530 Mon, 18 Mar 2013 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214809 Cenvat credit on air compressors was denied because eligibility was tested by reference to the taxability of the output service on the date the capital goods were received. The goods were received on 05.05.2005, while the intended service became taxable only from 16.06.2005. On that basis, receipt of the capital goods before the output service entered the service tax net meant credit was not admissible. The High Court decision relied on by the assessee was distinguished on facts, and the matter was decided in favour of the Revenue. Case-Laws Service Tax Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214809