https://www.taxtmi.com/caselaws?id=272315 The Tribunal set aside the Revenue's denial of Cenvat Credit on capital goods acquired on lease, ruling in favor of the appellants. The Tribunal emphasized that credit should not be disallowed based on the source of acquisition of capital goods as long as they were acquired on lease, citing relevant judicial precedents. The decision highlighted the interpretation of Rule 4(3) of the Cenvat Credit Rules 2004 and granted consequential relief to the appellants. The Revenue's objection regarding ineligibility of certain steel items for credit was also dismissed due to lack of specific findings. en-us Tue, 11 Aug 2015 00:00:00 +0530 Sat, 07 May 2016 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272315 The Tribunal set aside the Revenue's denial of Cenvat Credit on capital goods acquired on lease, ruling in favor of the appellants. The Tribunal emphasized that credit should not be disallowed based on the source of acquisition of capital goods as long as they were acquired on lease, citing relevant judicial precedents. The decision highlighted the interpretation of Rule 4(3) of the Cenvat Credit Rules 2004 and granted consequential relief to the appellants. The Revenue's objection regarding ineligibility of certain steel items for credit was also dismissed due to lack of specific findings. Case-Laws Central Excise Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272315