https://www.taxtmi.com/caselaws?id=367245 The Tribunal ruled in favor of the appellants, manufacturers of CNC machines, allowing them to avail CENVAT credit on inputs used for manufacturing final products. The Tribunal held that the removal of inputs as such did not amount to trading activity, distinguishing it from Rule 3(5) of CENVAT Credit Rules. By referencing precedents and legal principles, the Tribunal rejected the department's argument, setting aside the demand and penalties imposed. The decision aligned with established legal interpretations, granting relief to the appellants and affirming their eligibility for the CENVAT credit. en-us Fri, 14 Sep 2018 00:00:00 +0530 Tue, 18 Sep 2018 08:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367245 The Tribunal ruled in favor of the appellants, manufacturers of CNC machines, allowing them to avail CENVAT credit on inputs used for manufacturing final products. The Tribunal held that the removal of inputs as such did not amount to trading activity, distinguishing it from Rule 3(5) of CENVAT Credit Rules. By referencing precedents and legal principles, the Tribunal rejected the department's argument, setting aside the demand and penalties imposed. The decision aligned with established legal interpretations, granting relief to the appellants and affirming their eligibility for the CENVAT credit. Case-Laws Central Excise Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367245