https://www.taxtmi.com/caselaws?id=187693 CENVAT credit on capital goods received during a financial year cannot be denied merely because the goods were exempt on the date of receipt if the year also included dutiable clearances and the final product became dutiable before year-end. Rule 4(2)(a) governs the timing and manner of availment, while Rule 6(4) bars credit only where capital goods are used exclusively in exempted manufacture, subject to the stated exception for value-based exemption notifications. The Court held that the date of receipt is not the sole determinant and that credit cannot be refused on the footing that by-products were of negligible quantity when those products were themselves dutiable. 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 CENVAT credit on capital goods received during a financial year cannot be denied merely because the goods were exempt on the date of receipt if the year also included dutiable clearances and the final product became dutiable before year-end. Rule 4(2)(a) governs the timing and manner of availment, while Rule 6(4) bars credit only where capital goods are used exclusively in exempted manufacture, subject to the stated exception for value-based exemption notifications. The Court held that the date of receipt is not the sole determinant and that credit cannot be refused on the footing that by-products were of negligible quantity when those products were themselves dutiable. Case-Laws Central Excise Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187693