https://www.taxtmi.com/caselaws?id=2275 Rule 4(4) of the Cenvat Credit Rules, 2002 bars credit only to the extent of the duty component of capital goods on which depreciation is actually claimed under section 32 of the Income-tax Act; the value of the capital goods does not change merely because credit is availed in instalments, and the merits objection was rejected. In a separate limitation issue, where no suppression of relevant facts was recorded and the dispute was interpretative, the extended period could not be invoked; the demand was therefore time-barred. The assessee obtained relief only on limitation. en-us Thu, 28 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2275 Rule 4(4) of the Cenvat Credit Rules, 2002 bars credit only to the extent of the duty component of capital goods on which depreciation is actually claimed under section 32 of the Income-tax Act; the value of the capital goods does not change merely because credit is availed in instalments, and the merits objection was rejected. In a separate limitation issue, where no suppression of relevant facts was recorded and the dispute was interpretative, the extended period could not be invoked; the demand was therefore time-barred. The assessee obtained relief only on limitation. Case-Laws Central Excise Thu, 28 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2275