https://www.taxtmi.com/caselaws?id=251340 Rule 4(2) of the Cenvat Credit Rules, 2002 permits the balance 50% of capital goods credit in a subsequent year where the goods remain in the manufacturer's possession and use, and does not require actual use in manufacture before the credit is taken. On that construction, machinery kept in possession and used for setting up the laboratory satisfied the condition, so the balance credit was allowable in the later year and the Revenue's challenge failed. en-us Thu, 16 Aug 2012 00:00:00 +0530 Thu, 11 Sep 2014 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251340 Rule 4(2) of the Cenvat Credit Rules, 2002 permits the balance 50% of capital goods credit in a subsequent year where the goods remain in the manufacturer's possession and use, and does not require actual use in manufacture before the credit is taken. On that construction, machinery kept in possession and used for setting up the laboratory satisfied the condition, so the balance credit was allowable in the later year and the Revenue's challenge failed. Case-Laws Central Excise Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251340