https://www.taxtmi.com/caselaws?id=377200 The case involved a dispute over the denial of Cenvat credit on capital goods exclusively used for an exempted final product. The Tribunal initially upheld the denial, stating eligibility conditions must be met at the time of receiving capital goods. However, the High Court remanded the matter, emphasizing that if the machine was used for both exempted and dutiable goods, the credit should not be denied. The High Court also highlighted discrepancies in the interpretation of eligibility conditions and manufacturer's certificates, ultimately leading to a decision in favor of the assessee regarding the Cenvat credit. en-us Tue, 19 Feb 2019 00:00:00 +0530 Tue, 26 Mar 2019 06:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377200 The case involved a dispute over the denial of Cenvat credit on capital goods exclusively used for an exempted final product. The Tribunal initially upheld the denial, stating eligibility conditions must be met at the time of receiving capital goods. However, the High Court remanded the matter, emphasizing that if the machine was used for both exempted and dutiable goods, the credit should not be denied. The High Court also highlighted discrepancies in the interpretation of eligibility conditions and manufacturer's certificates, ultimately leading to a decision in favor of the assessee regarding the Cenvat credit. Case-Laws Central Excise Tue, 19 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377200