https://www.taxtmi.com/caselaws?id=334169 The Tribunal ruled in favor of the appellant, setting aside the order for the reversal of Cenvat credit on capital goods cleared after use. It was held that pre-amendment to Cenvat Rules, credit availed did not need to be reversed when goods were cleared after use. The Tribunal emphasized that the relevant rules were amended post the appellant's procurement of capital goods and that this amendment did not apply retroactively. Citing case laws and decisions by the Hon'ble Punjab & Haryana High Court and the Hon'ble Bombay High Court, the Tribunal allowed the appeal, overturning the demand for reversal of Cenvat credit. en-us Mon, 19 Sep 2016 00:00:00 +0530 Fri, 17 Feb 2017 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334169 The Tribunal ruled in favor of the appellant, setting aside the order for the reversal of Cenvat credit on capital goods cleared after use. It was held that pre-amendment to Cenvat Rules, credit availed did not need to be reversed when goods were cleared after use. The Tribunal emphasized that the relevant rules were amended post the appellant's procurement of capital goods and that this amendment did not apply retroactively. Citing case laws and decisions by the Hon'ble Punjab & Haryana High Court and the Hon'ble Bombay High Court, the Tribunal allowed the appeal, overturning the demand for reversal of Cenvat credit. Case-Laws Central Excise Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334169