https://www.taxtmi.com/caselaws?id=337456 Capital goods used exclusively for job-work manufacture, where the finished or semi-finished goods are removed to the principal manufacturer without payment of duty under the job-work procedure, are not treated as used for exempted final products for denying Cenvat credit. The Tribunal followed settled precedent and rejected the departmental objection, holding that credit on such capital goods was admissible. As a result, the demand and penalty based on denial of credit could not survive, and the appellate orders were set aside in favour of the assessee. en-us Fri, 21 Oct 2016 00:00:00 +0530 Mon, 20 Feb 2017 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337456 Capital goods used exclusively for job-work manufacture, where the finished or semi-finished goods are removed to the principal manufacturer without payment of duty under the job-work procedure, are not treated as used for exempted final products for denying Cenvat credit. The Tribunal followed settled precedent and rejected the departmental objection, holding that credit on such capital goods was admissible. As a result, the demand and penalty based on denial of credit could not survive, and the appellate orders were set aside in favour of the assessee. Case-Laws Central Excise Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337456