https://www.taxtmi.com/caselaws?id=250963 The Tribunal upheld the Commissioner (Appeals) order allowing Cenvat Credit on items used for setting up capital goods, dismissing the revenue's appeal. The Tribunal relied on the Hon'ble Apex Court decision in Rajasthan Spinning & Weaving Mills Ltd., stating that Cenvat credit is available for such items. Despite the revenue's arguments, the Tribunal found the amended explanation in Rule 2(k) of CENVAT Credit Rules, 2004, to be clarificatory, and ruled in favor of the respondent based on the Apex Court's decision, overriding the Tribunal's Larger Bench decision. en-us Fri, 09 May 2014 00:00:00 +0530 Mon, 12 Jan 2015 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250963 The Tribunal upheld the Commissioner (Appeals) order allowing Cenvat Credit on items used for setting up capital goods, dismissing the revenue's appeal. The Tribunal relied on the Hon'ble Apex Court decision in Rajasthan Spinning & Weaving Mills Ltd., stating that Cenvat credit is available for such items. Despite the revenue's arguments, the Tribunal found the amended explanation in Rule 2(k) of CENVAT Credit Rules, 2004, to be clarificatory, and ruled in favor of the respondent based on the Apex Court's decision, overriding the Tribunal's Larger Bench decision. Case-Laws Central Excise Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250963