https://www.taxtmi.com/caselaws?id=254739 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicle parts, allowing them to claim Cenvat credit based on the duty paid by the supplier on old moulds and dies, rejecting the Department's contention to restrict the credit to the transaction value. Citing legal precedents, including the Apex Court's decision in MDS Switchgear Ltd., the Tribunal emphasized the right of the recipient manufacturer to avail Cenvat credit without authorities revising the supplier's duty assessment. The impugned order demanding credit repayment and penalties was set aside, granting relief to the appellant and affirming their entitlement to claim Cenvat credit based on the supplier's duty payment. en-us Mon, 24 Mar 2014 00:00:00 +0530 Tue, 30 Dec 2014 08:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254739 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicle parts, allowing them to claim Cenvat credit based on the duty paid by the supplier on old moulds and dies, rejecting the Department's contention to restrict the credit to the transaction value. Citing legal precedents, including the Apex Court's decision in MDS Switchgear Ltd., the Tribunal emphasized the right of the recipient manufacturer to avail Cenvat credit without authorities revising the supplier's duty assessment. The impugned order demanding credit repayment and penalties was set aside, granting relief to the appellant and affirming their entitlement to claim Cenvat credit based on the supplier's duty payment. Case-Laws Central Excise Mon, 24 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254739