https://www.taxtmi.com/caselaws?id=390874 Balance 50% Cenvat credit on capital goods was not admissible before the goods were put to use under Rule 57AC(2) of the Central Excise Rules, 1944 read with Rule 4 of the Cenvat Credit Rules, 2002, because mere possession was insufficient for the relevant period. The later amendment under Rule 4(2)(b) of the Cenvat Credit Rules, 2004 removed the use condition from 10.09.2004, so the assessee became entitled to the balance credit from that date. Interest remained payable for the period during which credit had been availed prematurely, up to 09.09.2004. en-us Mon, 23 Dec 2019 00:00:00 +0530 Tue, 14 Jan 2020 08:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390874 Balance 50% Cenvat credit on capital goods was not admissible before the goods were put to use under Rule 57AC(2) of the Central Excise Rules, 1944 read with Rule 4 of the Cenvat Credit Rules, 2002, because mere possession was insufficient for the relevant period. The later amendment under Rule 4(2)(b) of the Cenvat Credit Rules, 2004 removed the use condition from 10.09.2004, so the assessee became entitled to the balance credit from that date. Interest remained payable for the period during which credit had been availed prematurely, up to 09.09.2004. Case-Laws Central Excise Mon, 23 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390874