https://www.taxtmi.com/caselaws?id=331401 The Tribunal dismissed the appellant's appeal challenging the denial of CENVAT credit on capital goods received during a period of exemption from Central excise duty. The appellant, a manufacturer of asbestos cement sheets, transitioned from nil duty rate to an 8% duty rate on their goods. The Tribunal held that as the final products were initially chargeable to nil duty rate when the capital goods were received, the appellant was ineligible for CENVAT credit under Rule 6 of the CENVAT Credit Rules. The appeal was dismissed, and the revenue's appeal succeeded. en-us Wed, 15 Jun 2016 00:00:00 +0530 Mon, 22 Aug 2016 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331401 The Tribunal dismissed the appellant's appeal challenging the denial of CENVAT credit on capital goods received during a period of exemption from Central excise duty. The appellant, a manufacturer of asbestos cement sheets, transitioned from nil duty rate to an 8% duty rate on their goods. The Tribunal held that as the final products were initially chargeable to nil duty rate when the capital goods were received, the appellant was ineligible for CENVAT credit under Rule 6 of the CENVAT Credit Rules. The appeal was dismissed, and the revenue's appeal succeeded. Case-Laws Central Excise Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331401