https://www.taxtmi.com/caselaws?id=186022 The appeal was dismissed as the Tribunal had previously ruled in favor of the respondent on the issue of eligibility to avail credit on leased goods, setting aside the order-in-original due to limitation and merits. The appellants were found to have availed premature credit, resulting in a penalty but avoiding a demand of approximately Rs. 10 crores. The revenue contended that credit could only be claimed after full duty payment to the lease company, but the Tribunal upheld the respondent's right to the credit. en-us Mon, 10 Sep 2007 00:00:00 +0530 Tue, 15 Nov 2016 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186022 The appeal was dismissed as the Tribunal had previously ruled in favor of the respondent on the issue of eligibility to avail credit on leased goods, setting aside the order-in-original due to limitation and merits. The appellants were found to have availed premature credit, resulting in a penalty but avoiding a demand of approximately Rs. 10 crores. The revenue contended that credit could only be claimed after full duty payment to the lease company, but the Tribunal upheld the respondent's right to the credit. Case-Laws Central Excise Mon, 10 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186022