https://www.taxtmi.com/caselaws?id=272283 The Tribunal ruled in favor of the appellant, a manufacturer of automobile parts, in a case concerning the availment of cenvat credit on moulds treated as capital goods. The Central Excise Department had denied the cenvat benefit under Rule 3(5) of the Cenvat Credit Rules, 2004, due to the recovery of mould costs from customers. However, the Tribunal found that since the moulds were in possession of the appellant and not removed from the factory, Rule 3(5) did not apply. Emphasizing compliance with statutory provisions over ownership/control, the Tribunal set aside the denial of cenvat credit on moulds, ruling in favor of the appellant. en-us Thu, 18 Jun 2015 00:00:00 +0530 Sat, 07 May 2016 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272283 The Tribunal ruled in favor of the appellant, a manufacturer of automobile parts, in a case concerning the availment of cenvat credit on moulds treated as capital goods. The Central Excise Department had denied the cenvat benefit under Rule 3(5) of the Cenvat Credit Rules, 2004, due to the recovery of mould costs from customers. However, the Tribunal found that since the moulds were in possession of the appellant and not removed from the factory, Rule 3(5) did not apply. Emphasizing compliance with statutory provisions over ownership/control, the Tribunal set aside the denial of cenvat credit on moulds, ruling in favor of the appellant. Case-Laws Central Excise Thu, 18 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272283