https://www.taxtmi.com/caselaws?id=422316 Under the relevant Cenvat credit regime, purchase was not a mandatory prerequisite for credit on inputs, and the manner in which inputs were acquired did not by itself defeat eligibility where they were used in manufacture. The substitution of "procured" for "purchase" was treated as clarificatory of legislative intent, and the binding authority on credit eligibility supported that view. On that basis, credit could not be denied merely because the inputs were received by stock transfer rather than by purchase, and the revenue challenge failed. en-us Wed, 04 May 2022 00:00:00 +0530 Thu, 12 May 2022 20:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422316 Under the relevant Cenvat credit regime, purchase was not a mandatory prerequisite for credit on inputs, and the manner in which inputs were acquired did not by itself defeat eligibility where they were used in manufacture. The substitution of "procured" for "purchase" was treated as clarificatory of legislative intent, and the binding authority on credit eligibility supported that view. On that basis, credit could not be denied merely because the inputs were received by stock transfer rather than by purchase, and the revenue challenge failed. Case-Laws Central Excise Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422316