Court Clarifies Timing for Availing Remaining 50% Cenvat Credit on Capital Goods; "Possession" Equals "Use" for Credit Claim.

Court Clarifies Timing for Availing Remaining 50% Cenvat Credit on Capital Goods; "Possession" Equals "Use" for Credit Claim. https://www.taxtmi.com/highlights?id=19210 Cenvat credit - timing of availing the balance 50% of credit on capital goods - the expressions “possession” and “use” had to be read together and once the goods are received, their actual installation and use may not be insisted upon. - AT en-us Sat, 05 Jul 2014 13:25:00 +0530 Sat, 05 Jul 2014 13:25:00 +0530 TaxTMI RSS Generator Court Clarifies Timing for Availing Remaining 50% Cenvat Credit on Capital Goods; "Possession" Equals "Use" for Credit Claim. https://www.taxtmi.com/highlights?id=19210 Cenvat credit - timing of availing the balance 50% of credit on capital goods - the expressions “possession” and “use” had to be read together and once the goods are received, their actual installation and use may not be insisted upon. - AT Highlights Central Excise Sat, 05 Jul 2014 13:25:00 +0530 https://www.taxtmi.com/highlights?id=19210