https://www.taxtmi.com/caselaws?id=280197 CENVAT credit on capital goods could not be denied merely because an oxygen plant was taken on lease from a non-financing company. Rule 2(b) of the Cenvat Credit Rules, 2001/2002 required the capital goods to be used in the manufacturer's factory, and that condition was satisfied because the plant was installed in the appellant's factory, received under excise invoices in the appellant's name, duty was paid, and the oxygen produced was captively consumed in the manufacture of dutiable final products. Ownership of the plant was not a prerequisite for credit, and the lease arrangement did not defeat eligibility. The denial of credit was therefore unsustainable. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 25 Apr 2019 06:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280197 CENVAT credit on capital goods could not be denied merely because an oxygen plant was taken on lease from a non-financing company. Rule 2(b) of the Cenvat Credit Rules, 2001/2002 required the capital goods to be used in the manufacturer's factory, and that condition was satisfied because the plant was installed in the appellant's factory, received under excise invoices in the appellant's name, duty was paid, and the oxygen produced was captively consumed in the manufacture of dutiable final products. Ownership of the plant was not a prerequisite for credit, and the lease arrangement did not defeat eligibility. The denial of credit was therefore unsustainable. Case-Laws Central Excise Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280197