https://www.taxtmi.com/caselaws?id=237872 The Tribunal ruled in favor of the applicant, allowing CENVAT credit on equipments and machineries for expanding their plant, despite them becoming immovable property post-erection. The Tribunal emphasized that denial of credit based on immovability after erection was unwarranted, as machineries are essential for the manufacturing process. The decision highlighted the importance of considering the purpose and usage of equipments and machineries in determining eligibility for CENVAT credit, ultimately granting the requested waiver and stay on the entire amount during the appeal's pendency. en-us Thu, 05 Sep 2013 00:00:00 +0530 Wed, 09 Oct 2013 06:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237872 The Tribunal ruled in favor of the applicant, allowing CENVAT credit on equipments and machineries for expanding their plant, despite them becoming immovable property post-erection. The Tribunal emphasized that denial of credit based on immovability after erection was unwarranted, as machineries are essential for the manufacturing process. The decision highlighted the importance of considering the purpose and usage of equipments and machineries in determining eligibility for CENVAT credit, ultimately granting the requested waiver and stay on the entire amount during the appeal's pendency. Case-Laws Central Excise Thu, 05 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237872