https://www.taxtmi.com/caselaws?id=187693 The court allowed the appeal, ruling in favor of the assessee, stating that the denial of CENVAT credit based on the exemption of the final product at the time of receipt of capital goods was incorrect. The court emphasized that the rules do not distinguish between main products and by-products, and as the final product became dutiable within the same financial year as the receipt of capital goods, the appellant was entitled to the credit. The court found that precedents under the old rules were not applicable to the current case, ultimately allowing the appeal and answering questions of law in favor of the assessee. en-us Thu, 08 Oct 2015 00:00:00 +0530 Wed, 04 Jan 2017 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187693 The court allowed the appeal, ruling in favor of the assessee, stating that the denial of CENVAT credit based on the exemption of the final product at the time of receipt of capital goods was incorrect. The court emphasized that the rules do not distinguish between main products and by-products, and as the final product became dutiable within the same financial year as the receipt of capital goods, the appellant was entitled to the credit. The court found that precedents under the old rules were not applicable to the current case, ultimately allowing the appeal and answering questions of law in favor of the assessee. Case-Laws Central Excise Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187693