https://www.taxtmi.com/caselaws?id=360093 The Tribunal upheld the Adjudicating Authority's decision that the respondent could avail CENVAT credit on capital goods received before 10.09.2004. It was held that Rule 3(1) of the CENVAT Credit Rules, 2004 did not prohibit such credit, and the Authority's interpretation was deemed valid. The Tribunal also rejected the Revenue's argument on the limitation period for recovery of improper credit, finding no suppression of facts by the assessee. Validity of documents for credit was affirmed under Rule 9, and based on precedents, the Tribunal dismissed the appeal, affirming the Authority's decision to drop proceedings. en-us Tue, 20 Feb 2018 00:00:00 +0530 Thu, 10 May 2018 06:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360093 The Tribunal upheld the Adjudicating Authority's decision that the respondent could avail CENVAT credit on capital goods received before 10.09.2004. It was held that Rule 3(1) of the CENVAT Credit Rules, 2004 did not prohibit such credit, and the Authority's interpretation was deemed valid. The Tribunal also rejected the Revenue's argument on the limitation period for recovery of improper credit, finding no suppression of facts by the assessee. Validity of documents for credit was affirmed under Rule 9, and based on precedents, the Tribunal dismissed the appeal, affirming the Authority's decision to drop proceedings. Case-Laws Central Excise Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360093