https://www.taxtmi.com/caselaws?id=198737 The Tribunal set aside the order rejecting the appellant's appeal on availed Cenvat credit for imported machines, ruling that the machines qualified as 'capital goods' under the Cenvat Credit Rules, 2004, without needing to be used in the manufacture of final products. The Tribunal found the demand for interest unjustified as the credit was promptly reversed, and the show cause notice was time-barred. The department's allegation of suppression lacked evidence. The appeal was allowed, emphasizing the misinterpretation of legal provisions and granting relief to the appellant. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 08 Feb 2018 07:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198737 The Tribunal set aside the order rejecting the appellant's appeal on availed Cenvat credit for imported machines, ruling that the machines qualified as 'capital goods' under the Cenvat Credit Rules, 2004, without needing to be used in the manufacture of final products. The Tribunal found the demand for interest unjustified as the credit was promptly reversed, and the show cause notice was time-barred. The department's allegation of suppression lacked evidence. The appeal was allowed, emphasizing the misinterpretation of legal provisions and granting relief to the appellant. Case-Laws Central Excise Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198737