https://www.taxtmi.com/caselaws?id=337838 The Tribunal held that Cenvat credit on capital goods should be determined based on the dutiability of the final product at the time of receiving the goods. Since the capital goods were received and used for manufacturing dutiable goods before opting for exemption, the credit was deemed admissible. Relying on the decision in Spenta International Ltd. case, the Tribunal set aside the disallowance of credit and allowed the appeal, emphasizing the importance of the date of receipt of capital goods for credit eligibility. en-us Mon, 28 Nov 2016 00:00:00 +0530 Thu, 19 Jan 2017 08:29:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337838 The Tribunal held that Cenvat credit on capital goods should be determined based on the dutiability of the final product at the time of receiving the goods. Since the capital goods were received and used for manufacturing dutiable goods before opting for exemption, the credit was deemed admissible. Relying on the decision in Spenta International Ltd. case, the Tribunal set aside the disallowance of credit and allowed the appeal, emphasizing the importance of the date of receipt of capital goods for credit eligibility. Case-Laws Central Excise Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337838