https://www.taxtmi.com/caselaws?id=191868 The Tribunal ruled in favor of the appellant, allowing their appeal against the denial of Cenvat credit on capital goods used in their factory. Despite recovering costs from foreign buyers, the appellant retained physical possession and ownership of the goods crucial for their manufacturing operations. The Tribunal distinguished the case from precedent where physical control was lost, concluding that the appellant rightfully claimed the credit and was not required to reverse it. As a result, the order denying the credit was set aside, and the appellant's entitlement to Cenvat credit was affirmed. en-us Fri, 01 May 2015 00:00:00 +0530 Sat, 29 Apr 2017 10:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191868 The Tribunal ruled in favor of the appellant, allowing their appeal against the denial of Cenvat credit on capital goods used in their factory. Despite recovering costs from foreign buyers, the appellant retained physical possession and ownership of the goods crucial for their manufacturing operations. The Tribunal distinguished the case from precedent where physical control was lost, concluding that the appellant rightfully claimed the credit and was not required to reverse it. As a result, the order denying the credit was set aside, and the appellant's entitlement to Cenvat credit was affirmed. Case-Laws Central Excise Fri, 01 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191868