https://www.taxtmi.com/caselaws?id=326255 The Tribunal allowed the appeal, setting aside the decision disallowing the appellant's Cenvat credit on capital goods. The appellant purchased the goods, which were received in their factory, and later transferred them to an associate after paying excise duty. The Tribunal held that the appellant could avail the credit as per Rule 4(2) of the Cenvat Credit Rules, emphasizing the proviso for credit on duty paid goods cleared in the same year. The Tribunal ruled that the appellant's failure to take credit earlier did not bar them as long as the receipt of goods in the factory was confirmed. en-us Tue, 29 Mar 2016 00:00:00 +0530 Fri, 10 Feb 2017 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326255 The Tribunal allowed the appeal, setting aside the decision disallowing the appellant's Cenvat credit on capital goods. The appellant purchased the goods, which were received in their factory, and later transferred them to an associate after paying excise duty. The Tribunal held that the appellant could avail the credit as per Rule 4(2) of the Cenvat Credit Rules, emphasizing the proviso for credit on duty paid goods cleared in the same year. The Tribunal ruled that the appellant's failure to take credit earlier did not bar them as long as the receipt of goods in the factory was confirmed. Case-Laws Central Excise Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326255