https://www.taxtmi.com/caselaws?id=338867 The Tribunal ruled in favor of the appellant, allowing them to avail Cenvat credit for input services used in the erection and installation of capital goods, despite the services being capitalized and depreciation claimed. The judgment clarified that Rule 4(4) of the Cenvat Credit Rules restricts Cenvat credit in respect of capital goods if depreciation is claimed but does not explicitly prohibit Cenvat credit on input services. The decision emphasizes the importance of accurately interpreting tax laws to determine the admissibility of Cenvat credit, providing clarity on similar cases involving the capitalization of services related to capital goods. en-us Wed, 07 Dec 2016 00:00:00 +0530 Sat, 02 Sep 2017 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338867 The Tribunal ruled in favor of the appellant, allowing them to avail Cenvat credit for input services used in the erection and installation of capital goods, despite the services being capitalized and depreciation claimed. The judgment clarified that Rule 4(4) of the Cenvat Credit Rules restricts Cenvat credit in respect of capital goods if depreciation is claimed but does not explicitly prohibit Cenvat credit on input services. The decision emphasizes the importance of accurately interpreting tax laws to determine the admissibility of Cenvat credit, providing clarity on similar cases involving the capitalization of services related to capital goods. Case-Laws Central Excise Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338867