https://www.taxtmi.com/forum/issue?id=106211 Cenvat credit on plant seized and sold by a financier depends on meeting the receipt-and-use requirement: credit is available only where the purchaser has actually received and used the capital goods in the course of business. A third party buying from a finance company may claim credit only if it satisfies those operative conditions; purchase alone without actual receipt and use does not establish entitlement. en-us Thu, 31 Oct 2013 23:52:31 +0530 Thu, 23 Jan 2025 15:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106211 Cenvat credit on plant seized and sold by a financier depends on meeting the receipt-and-use requirement: credit is available only where the purchaser has actually received and used the capital goods in the course of business. A third party buying from a finance company may claim credit only if it satisfies those operative conditions; purchase alone without actual receipt and use does not establish entitlement. Discussion-Forum Central Excise Thu, 31 Oct 2013 23:52:31 +0530 https://www.taxtmi.com/forum/issue?id=106211