https://www.taxtmi.com/caselaws?id=336267 Cenvat credit on capital goods was available because the final product was ordinarily dutiable when the goods were received, and a later short period of conditional exemption did not extinguish that entitlement. The credit rule was applied by reference to the dutiability of the output at the relevant time, and the fact that the credit was not taken in the same period did not by itself justify forfeiture. The respondent was therefore entitled to the credit, and the Revenue's challenge failed. en-us Fri, 18 Nov 2016 00:00:00 +0530 Wed, 11 Jan 2017 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336267 Cenvat credit on capital goods was available because the final product was ordinarily dutiable when the goods were received, and a later short period of conditional exemption did not extinguish that entitlement. The credit rule was applied by reference to the dutiability of the output at the relevant time, and the fact that the credit was not taken in the same period did not by itself justify forfeiture. The respondent was therefore entitled to the credit, and the Revenue's challenge failed. Case-Laws Central Excise Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336267