https://www.taxtmi.com/caselaws?id=458 Rule 16 of the CENVAT Credit Rules, 2002 allows credit when excisable goods are brought back to a factory for remaking, refining, reconditioning or any other reason. Returned duty-paid machines were dismantled after the rental period and their components were used to manufacture other machines; the goods were not restored in their original form, but the factual position fell within the earlier Tribunal view relied on in appeal. Credit could not be denied merely because the returned goods were used as components rather than reconditioned. Denial of credit was therefore held unjustified in favour of the assessee. en-us Fri, 10 Mar 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458 Rule 16 of the CENVAT Credit Rules, 2002 allows credit when excisable goods are brought back to a factory for remaking, refining, reconditioning or any other reason. Returned duty-paid machines were dismantled after the rental period and their components were used to manufacture other machines; the goods were not restored in their original form, but the factual position fell within the earlier Tribunal view relied on in appeal. Credit could not be denied merely because the returned goods were used as components rather than reconditioned. Denial of credit was therefore held unjustified in favour of the assessee. Case-Laws Central Excise Fri, 10 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458