https://www.taxtmi.com/caselaws?id=170717 Cenvat credit on parts and consumables used as machinery components in capital goods for manufacture of texturised yarn was held admissible where the assessee took credit in the prescribed manner and the goods qualified as eligible inputs or capital goods. The fact that final products were cleared partly under exemption notifications and partly on payment of duty did not, by itself, justify reversal of proportionate credit when the credit related to items used in the manufacturing machinery. The demand for reversal was therefore rejected. en-us Thu, 17 Oct 2013 00:00:00 +0530 Wed, 10 Jun 2015 11:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170717 Cenvat credit on parts and consumables used as machinery components in capital goods for manufacture of texturised yarn was held admissible where the assessee took credit in the prescribed manner and the goods qualified as eligible inputs or capital goods. The fact that final products were cleared partly under exemption notifications and partly on payment of duty did not, by itself, justify reversal of proportionate credit when the credit related to items used in the manufacturing machinery. The demand for reversal was therefore rejected. Case-Laws Central Excise Thu, 17 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170717