https://www.taxtmi.com/caselaws?id=431604 The Tribunal remitted the case for re-adjudication, directing the Adjudicating Authority to decide admissibility in accordance with Cenvat Credit Rules 2004. The appellant's challenge regarding the inadmissibility of Cenvat credit on Capital Goods cleared under Notification No. 54/2003-Cus was upheld, emphasizing a prospective interpretation of the Foreign Trade Policy provisions and the applicability of Cenvat Credit Rules 2004 in determining credit eligibility. The Tribunal rejected the Revenue's argument for a retrospective effect, highlighting the importance of Rule 4(1) of Cenvat Credit Rules in addressing the delayed credit claim issue. en-us Thu, 15 Dec 2022 00:00:00 +0530 Fri, 16 Dec 2022 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431604 The Tribunal remitted the case for re-adjudication, directing the Adjudicating Authority to decide admissibility in accordance with Cenvat Credit Rules 2004. The appellant's challenge regarding the inadmissibility of Cenvat credit on Capital Goods cleared under Notification No. 54/2003-Cus was upheld, emphasizing a prospective interpretation of the Foreign Trade Policy provisions and the applicability of Cenvat Credit Rules 2004 in determining credit eligibility. The Tribunal rejected the Revenue's argument for a retrospective effect, highlighting the importance of Rule 4(1) of Cenvat Credit Rules in addressing the delayed credit claim issue. Case-Laws Central Excise Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431604