https://www.taxtmi.com/caselaws?id=372254 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed by the Revenue for availing Cenvat credit on wagons used in manufacturing. The decision emphasized the correct interpretation of capital goods under the Cenvat Credit Rules and validated the appellant's use of wagons for production purposes. Despite initially reversing the credit, the appellant was deemed eligible to avail Cenvat credit on the wagons. The judgment underscored the significance of considering the actual usage of goods in the manufacturing process and upheld the appellant's right to avail Cenvat credit on the wagons. en-us Wed, 19 Sep 2018 00:00:00 +0530 Thu, 20 Dec 2018 06:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372254 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed by the Revenue for availing Cenvat credit on wagons used in manufacturing. The decision emphasized the correct interpretation of capital goods under the Cenvat Credit Rules and validated the appellant's use of wagons for production purposes. Despite initially reversing the credit, the appellant was deemed eligible to avail Cenvat credit on the wagons. The judgment underscored the significance of considering the actual usage of goods in the manufacturing process and upheld the appellant's right to avail Cenvat credit on the wagons. Case-Laws Central Excise Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372254