https://www.taxtmi.com/caselaws?id=343929 The Tribunal held that the appellant, engaged in medicine manufacturing, was entitled to Cenvat credit on inputs used in manufacturing medicament for principles, despite ownership transfer upon sale. The key criteria for credit eligibility were met as the inputs were duty paid, used in manufacturing dutiable final products, and the final products were cleared after paying duty. The Tribunal disagreed with the Revenue's argument based on ownership transfer via commercial invoices, ruling in favor of the appellant and allowing the appeals while disposing of cross objections filed by the Revenue. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 05 Jun 2017 07:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343929 The Tribunal held that the appellant, engaged in medicine manufacturing, was entitled to Cenvat credit on inputs used in manufacturing medicament for principles, despite ownership transfer upon sale. The key criteria for credit eligibility were met as the inputs were duty paid, used in manufacturing dutiable final products, and the final products were cleared after paying duty. The Tribunal disagreed with the Revenue's argument based on ownership transfer via commercial invoices, ruling in favor of the appellant and allowing the appeals while disposing of cross objections filed by the Revenue. Case-Laws Central Excise Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343929