https://www.taxtmi.com/caselaws?id=4169 Capital goods credit under Rule 57T(3) is available when the goods are received in the factory under cover of an invoice or Bill of Entry, and it cannot be denied merely because the assessee produces an original, extra, or quadruplicate copy of those documents. However, credit remains inadmissible where no duty-paying documents are produced, or the documents are not in the assessee's name, because the factual basis for the credit is not established. Penalty is not justified where the major part of the demand is set aside and the circumstances do not support punitive action. en-us Wed, 06 Feb 2008 00:00:00 +0530 Tue, 27 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4169 Capital goods credit under Rule 57T(3) is available when the goods are received in the factory under cover of an invoice or Bill of Entry, and it cannot be denied merely because the assessee produces an original, extra, or quadruplicate copy of those documents. However, credit remains inadmissible where no duty-paying documents are produced, or the documents are not in the assessee's name, because the factual basis for the credit is not established. Penalty is not justified where the major part of the demand is set aside and the circumstances do not support punitive action. Case-Laws Central Excise Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4169