https://www.taxtmi.com/caselaws?id=330388 The Tribunal allowed the appeal, setting aside the denial of capital goods credit on spare parts purchased to replace damaged parts after a fire accident in 2006. The appellant, a manufacturer facing a fire incident, was found entitled to the credit under Rule 14 of CCR 2004. The Tribunal emphasized the appellant's right to retain the credit once validly taken, rejecting the argument of irregular credit availment. The decision highlighted the appellant's eligibility for credit despite the absence of a credit scheme in 1991 and the insurance compensation received, ultimately ruling in favor of the appellant. en-us Mon, 04 Jul 2016 00:00:00 +0530 Sun, 24 Jul 2016 20:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330388 The Tribunal allowed the appeal, setting aside the denial of capital goods credit on spare parts purchased to replace damaged parts after a fire accident in 2006. The appellant, a manufacturer facing a fire incident, was found entitled to the credit under Rule 14 of CCR 2004. The Tribunal emphasized the appellant's right to retain the credit once validly taken, rejecting the argument of irregular credit availment. The decision highlighted the appellant's eligibility for credit despite the absence of a credit scheme in 1991 and the insurance compensation received, ultimately ruling in favor of the appellant. Case-Laws Central Excise Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330388