https://www.taxtmi.com/caselaws?id=407727 The Tribunal allowed the appeal, ruling in favor of the appellant, a manufacturer of Viscose Rayon Filament Yarn, regarding the disallowance of Cenvat Credit on lead and related articles. The appellant successfully argued that the disputed items were essential for the repair and maintenance of machinery, qualifying as 'capital goods' necessary for the manufacturing process. Citing legal precedents, including decisions from the Hon'ble Rajasthan High Court and Tribunal judgments, the Tribunal held that goods crucial for machinery upkeep and maintenance are eligible for credit. As a result, the appeal was granted in favor of the appellant, with relief from Central Excise duty, interest, and penalty. en-us Fri, 09 Oct 2020 00:00:00 +0530 Thu, 20 May 2021 08:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407727 The Tribunal allowed the appeal, ruling in favor of the appellant, a manufacturer of Viscose Rayon Filament Yarn, regarding the disallowance of Cenvat Credit on lead and related articles. The appellant successfully argued that the disputed items were essential for the repair and maintenance of machinery, qualifying as 'capital goods' necessary for the manufacturing process. Citing legal precedents, including decisions from the Hon'ble Rajasthan High Court and Tribunal judgments, the Tribunal held that goods crucial for machinery upkeep and maintenance are eligible for credit. As a result, the appeal was granted in favor of the appellant, with relief from Central Excise duty, interest, and penalty. Case-Laws Central Excise Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407727