https://www.taxtmi.com/caselaws?id=360843 The court ruled in favor of the appellant, allowing the Cenvat credit on capital goods. The judge found that the appellant was entitled to the credit despite claiming both Cenvat credit and depreciation, as they reversed the depreciation claimed on duty paid capital goods in a subsequent financial year. The court also deemed the penalty unsustainable due to the lack of specificity in the show cause notice, leading to it being set aside. The appeal was allowed with any consequential relief. en-us Mon, 16 Apr 2018 00:00:00 +0530 Thu, 24 May 2018 07:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360843 The court ruled in favor of the appellant, allowing the Cenvat credit on capital goods. The judge found that the appellant was entitled to the credit despite claiming both Cenvat credit and depreciation, as they reversed the depreciation claimed on duty paid capital goods in a subsequent financial year. The court also deemed the penalty unsustainable due to the lack of specificity in the show cause notice, leading to it being set aside. The appeal was allowed with any consequential relief. Case-Laws Central Excise Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360843