https://www.taxtmi.com/caselaws?id=332366 The High Court remanded the case back to the Tribunal to decide afresh on the eligibility of cenvat credit for R&D capital goods used within the factory premises of a motor vehicle manufacturer. The Tribunal, considering the definition of capital goods under the Cenvat Credit Rules, held that such goods used for R&D within factory premises are eligible for cenvat credit, even if not directly related to final product manufacturing. The Tribunal set aside the demand for reversal of cenvat credit, aligning with established legal principles and precedents, ultimately allowing the appeals in favor of the appellant. en-us Tue, 19 Jul 2016 00:00:00 +0530 Thu, 16 Feb 2017 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332366 The High Court remanded the case back to the Tribunal to decide afresh on the eligibility of cenvat credit for R&D capital goods used within the factory premises of a motor vehicle manufacturer. The Tribunal, considering the definition of capital goods under the Cenvat Credit Rules, held that such goods used for R&D within factory premises are eligible for cenvat credit, even if not directly related to final product manufacturing. The Tribunal set aside the demand for reversal of cenvat credit, aligning with established legal principles and precedents, ultimately allowing the appeals in favor of the appellant. Case-Laws Central Excise Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332366