https://www.taxtmi.com/caselaws?id=353676 The appeal against the denial of Cenvat credit on goods purchased from an auction was successful. The Tribunal found that the purchased scrap, classified as capital goods, was cleared after refurbishing and duty payment, effectively reversing the Cenvat credit. As the appellant did not file a refund claim for the duty paid on the cleared goods, the duty payment was deemed to reverse the credit. The decision emphasized that the duty payment on cleared goods effectively nullified the denial of Cenvat credit, based on the nature of the activity and the absence of a refund claim. en-us Thu, 16 Nov 2017 00:00:00 +0530 Wed, 10 Jan 2018 08:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353676 The appeal against the denial of Cenvat credit on goods purchased from an auction was successful. The Tribunal found that the purchased scrap, classified as capital goods, was cleared after refurbishing and duty payment, effectively reversing the Cenvat credit. As the appellant did not file a refund claim for the duty paid on the cleared goods, the duty payment was deemed to reverse the credit. The decision emphasized that the duty payment on cleared goods effectively nullified the denial of Cenvat credit, based on the nature of the activity and the absence of a refund claim. Case-Laws Central Excise Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353676