https://www.taxtmi.com/caselaws?id=244129 The Tribunal dismissed the Revenue's appeals and upheld the decision allowing the respondent to claim CENVAT credit on tools and tips used for job work. The Tribunal confirmed that the tools and tips were correctly classified as capital goods, and there was no legal impediment to the respondent claiming credit on them, even if not returned "as such" after usage. The Tribunal's interpretation of Rule 4(2)(b) of the CENVAT Credit Rules, 2004, supported the respondent's entitlement to claim credit on the tools and tips. en-us Thu, 26 Dec 2013 00:00:00 +0530 Wed, 03 Sep 2014 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244129 The Tribunal dismissed the Revenue's appeals and upheld the decision allowing the respondent to claim CENVAT credit on tools and tips used for job work. The Tribunal confirmed that the tools and tips were correctly classified as capital goods, and there was no legal impediment to the respondent claiming credit on them, even if not returned "as such" after usage. The Tribunal's interpretation of Rule 4(2)(b) of the CENVAT Credit Rules, 2004, supported the respondent's entitlement to claim credit on the tools and tips. Case-Laws Central Excise Thu, 26 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244129