https://www.taxtmi.com/caselaws?id=336006 The Tribunal ruled in favor of the appellant, setting aside the denial of CENVAT credit amounting to Rs. 9,40,360. The appellant's practice of reconciling inputs received in lots from job workers before availing credit was deemed acceptable, as immediate credit availing was not mandatory according to Rule 4(1) of the CENVAT Credit Rules, 2004, and a relevant Board's Circular. The Tribunal emphasized that the denial based solely on the delay in availing credit was unjustified, ultimately allowing the appeal and clarifying that the denial was under the CENVAT Credit Rules, 2004. en-us Mon, 07 Nov 2016 00:00:00 +0530 Fri, 29 Sep 2017 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336006 The Tribunal ruled in favor of the appellant, setting aside the denial of CENVAT credit amounting to Rs. 9,40,360. The appellant's practice of reconciling inputs received in lots from job workers before availing credit was deemed acceptable, as immediate credit availing was not mandatory according to Rule 4(1) of the CENVAT Credit Rules, 2004, and a relevant Board's Circular. The Tribunal emphasized that the denial based solely on the delay in availing credit was unjustified, ultimately allowing the appeal and clarifying that the denial was under the CENVAT Credit Rules, 2004. Case-Laws Central Excise Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336006