https://www.taxtmi.com/caselaws?id=266068 The Tribunal ruled in favor of the appellant, allowing capital goods credit on spare parts purchased for replacement after a fire accident in 2006. The denial of credit based on the absence of a credit scheme when the original equipment was acquired in 1991 was deemed unjustified. The Tribunal held that the compensation received did not impact the eligibility for credit on parts bought in 2006. Consequently, the Tribunal waived the predeposit of dues and stayed recovery pending appeal, emphasizing the need to assess legal provisions and precedents for determining credit entitlement. en-us Fri, 20 Mar 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266068 The Tribunal ruled in favor of the appellant, allowing capital goods credit on spare parts purchased for replacement after a fire accident in 2006. The denial of credit based on the absence of a credit scheme when the original equipment was acquired in 1991 was deemed unjustified. The Tribunal held that the compensation received did not impact the eligibility for credit on parts bought in 2006. Consequently, the Tribunal waived the predeposit of dues and stayed recovery pending appeal, emphasizing the need to assess legal provisions and precedents for determining credit entitlement. Case-Laws Central Excise Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266068