https://www.taxtmi.com/caselaws?id=412426 The Tribunal ruled in favor of the appellant in a dispute regarding the availing of Cenvat credit on imported V belts and locally procured pulleys. The Revenue argued that the goods were finished products and did not qualify as inputs under the Cenvat Credit Rules, alleging a contravention due to trading activity. However, the Tribunal noted that the appellant had paid duty on the final products, belts, and pulleys, preventing the disallowance of credit. Citing legal precedents, the Tribunal allowed the appeal, emphasizing the importance of duty payment on final products in determining credit eligibility and providing consequential relief to the appellant. en-us Wed, 15 Sep 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412426 The Tribunal ruled in favor of the appellant in a dispute regarding the availing of Cenvat credit on imported V belts and locally procured pulleys. The Revenue argued that the goods were finished products and did not qualify as inputs under the Cenvat Credit Rules, alleging a contravention due to trading activity. However, the Tribunal noted that the appellant had paid duty on the final products, belts, and pulleys, preventing the disallowance of credit. Citing legal precedents, the Tribunal allowed the appeal, emphasizing the importance of duty payment on final products in determining credit eligibility and providing consequential relief to the appellant. Case-Laws Central Excise Wed, 15 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412426