https://www.taxtmi.com/caselaws?id=254974 Cenvat credit on capital goods cannot be denied merely because the prescribed declaration was not filed or procedural requirements were delayed, where receipt, installation and use of the goods are established and depreciation has not been claimed. The operative principle is that a procedural lapse does not defeat credit when substantive eligibility is otherwise proved and the omission does not affect the genuineness or use of the capital goods. On those facts, the credit was held allowable. en-us Fri, 14 Nov 2014 00:00:00 +0530 Mon, 05 Jan 2015 09:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254974 Cenvat credit on capital goods cannot be denied merely because the prescribed declaration was not filed or procedural requirements were delayed, where receipt, installation and use of the goods are established and depreciation has not been claimed. The operative principle is that a procedural lapse does not defeat credit when substantive eligibility is otherwise proved and the omission does not affect the genuineness or use of the capital goods. On those facts, the credit was held allowable. Case-Laws Central Excise Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254974