https://www.taxtmi.com/caselaws?id=252844 The appeal was allowed in favor of the appellant, who successfully challenged the denial of CENVAT credit on capital goods acquired on lease from a company not classified as a financing company under Rule 4(3) of the Cenvat Credit Rules, 2004. The court interpreted Rule 4(3) broadly, allowing for the availment of credit on capital goods acquired from entities other than financing companies. The judgment emphasized the legislative intent to permit CENVAT credit for such acquisitions, leading to the appellant's success in the appeal. en-us Fri, 26 Sep 2014 00:00:00 +0530 Tue, 12 May 2015 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252844 The appeal was allowed in favor of the appellant, who successfully challenged the denial of CENVAT credit on capital goods acquired on lease from a company not classified as a financing company under Rule 4(3) of the Cenvat Credit Rules, 2004. The court interpreted Rule 4(3) broadly, allowing for the availment of credit on capital goods acquired from entities other than financing companies. The judgment emphasized the legislative intent to permit CENVAT credit for such acquisitions, leading to the appellant's success in the appeal. Case-Laws Central Excise Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252844