https://www.taxtmi.com/caselaws?id=339508 The tribunal ruled in favor of the appellant, allowing the appeal for cenvat credit on damaged imported capital goods. Despite ownership transfer during an insurance claim, the goods were used in the factory, justifying the credit claim. The tribunal emphasized the continuous utilization of the goods by the appellant, distinguishing the case from precedent. The ownership issue was pivotal, with the tribunal finding in favor of the appellant due to the goods' installation and use in the factory, setting aside the denial of credit. en-us Fri, 20 Jan 2017 00:00:00 +0530 Fri, 25 Aug 2017 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339508 The tribunal ruled in favor of the appellant, allowing the appeal for cenvat credit on damaged imported capital goods. Despite ownership transfer during an insurance claim, the goods were used in the factory, justifying the credit claim. The tribunal emphasized the continuous utilization of the goods by the appellant, distinguishing the case from precedent. The ownership issue was pivotal, with the tribunal finding in favor of the appellant due to the goods' installation and use in the factory, setting aside the denial of credit. Case-Laws Central Excise Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339508