https://www.taxtmi.com/caselaws?id=363742 The Tribunal ruled in favor of the appellants, M/s K. Three Electronics Pvt. Ltd. and M/s L. G. Electronics India Pvt. Ltd., setting aside the impugned Order-in-Appeal. The Tribunal found that the Cenvat credit availed on inputs and capital goods was permissible under the Cenvat Credit Rules, rejecting the Revenue's claims for reversal of credit, interest payment, and penalties. The decision emphasized that the duty paid by the supplier was eligible for credit by the recipient, in line with legal provisions and established precedent. en-us Thu, 10 May 2018 00:00:00 +0530 Wed, 18 Jul 2018 06:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363742 The Tribunal ruled in favor of the appellants, M/s K. Three Electronics Pvt. Ltd. and M/s L. G. Electronics India Pvt. Ltd., setting aside the impugned Order-in-Appeal. The Tribunal found that the Cenvat credit availed on inputs and capital goods was permissible under the Cenvat Credit Rules, rejecting the Revenue's claims for reversal of credit, interest payment, and penalties. The decision emphasized that the duty paid by the supplier was eligible for credit by the recipient, in line with legal provisions and established precedent. Case-Laws Central Excise Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363742