https://www.taxtmi.com/caselaws?id=187269 Deferred availment of the balance 50% Cenvat credit on capital goods is permitted only where the goods remain in the manufacturer's possession and use in the subsequent financial year. On the stated facts, the moulds and dies had been destroyed during manufacture and were no longer available in that year, so the statutory condition under Rule 57AC(2)(b) was not met. The denial of the balance credit was therefore justified. en-us Fri, 03 Jul 2015 00:00:00 +0530 Mon, 17 Oct 2016 09:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187269 Deferred availment of the balance 50% Cenvat credit on capital goods is permitted only where the goods remain in the manufacturer's possession and use in the subsequent financial year. On the stated facts, the moulds and dies had been destroyed during manufacture and were no longer available in that year, so the statutory condition under Rule 57AC(2)(b) was not met. The denial of the balance credit was therefore justified. Case-Laws Central Excise Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187269