https://www.taxtmi.com/caselaws?id=265945 The appeal was allowed by the Member (J) following the judgment of the Hon'ble High Court of Punjab & Haryana in a similar case. The appellant's refund claim on Cenvat Credit for a forklift sold after use was upheld, rejecting the Revenue's argument for complete reversal of the credit. The judgment clarified that capital goods sold after utilization do not require full reversal of credit under Rule 3(5) of Cenvat Credit Rules, 2004. The decision emphasized the distinction between goods cleared without use and those cleared after being in service, providing relief to the appellant in accordance with established legal principles. en-us Wed, 17 Jun 2015 00:00:00 +0530 Fri, 16 Oct 2015 20:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265945 The appeal was allowed by the Member (J) following the judgment of the Hon'ble High Court of Punjab & Haryana in a similar case. The appellant's refund claim on Cenvat Credit for a forklift sold after use was upheld, rejecting the Revenue's argument for complete reversal of the credit. The judgment clarified that capital goods sold after utilization do not require full reversal of credit under Rule 3(5) of Cenvat Credit Rules, 2004. The decision emphasized the distinction between goods cleared without use and those cleared after being in service, providing relief to the appellant in accordance with established legal principles. Case-Laws Central Excise Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265945