https://www.taxtmi.com/caselaws?id=355386 The Tribunal allowed the appeal, setting aside the demand, interest, and penalties imposed on the appellants for irregularly availing Cenvat credit on capital goods used for manufacturing exempted final products. Relying on Rule 6(5) and Rule 6(6) of the Cenvat Credit Rules, 2004, the Tribunal held that the appellants, engaged in manufacturing 100% cotton yarn, were eligible for credit on components of capital goods used for exempted products cleared for export under bond. The decision aligned with the High Court's interpretation, granting consequential relief and dismissing the Revenue's appeal. en-us Fri, 19 Jan 2018 00:00:00 +0530 Wed, 14 Feb 2018 09:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355386 The Tribunal allowed the appeal, setting aside the demand, interest, and penalties imposed on the appellants for irregularly availing Cenvat credit on capital goods used for manufacturing exempted final products. Relying on Rule 6(5) and Rule 6(6) of the Cenvat Credit Rules, 2004, the Tribunal held that the appellants, engaged in manufacturing 100% cotton yarn, were eligible for credit on components of capital goods used for exempted products cleared for export under bond. The decision aligned with the High Court's interpretation, granting consequential relief and dismissing the Revenue's appeal. Case-Laws Central Excise Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355386