https://www.taxtmi.com/caselaws?id=305791 The Tribunal allowed the appeal filed by M/s Alidhara Textool Engineers Pvt. Ltd. regarding the denial of Cenvat Credit on capital goods. The denial based on the time limit for availing credit was rejected, citing precedents that established the right to credit on purchases made before the introduction of such time limits. Emphasizing the non-retrospective application of the amendment, the Tribunal upheld the appellant's argument and highlighted the importance of safeguarding vested rights. The decision favored the appellant, emphasizing the principle that new amendments should not affect existing rights. en-us Fri, 10 Jan 2020 00:00:00 +0530 Sat, 24 Dec 2022 11:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305791 The Tribunal allowed the appeal filed by M/s Alidhara Textool Engineers Pvt. Ltd. regarding the denial of Cenvat Credit on capital goods. The denial based on the time limit for availing credit was rejected, citing precedents that established the right to credit on purchases made before the introduction of such time limits. Emphasizing the non-retrospective application of the amendment, the Tribunal upheld the appellant's argument and highlighted the importance of safeguarding vested rights. The decision favored the appellant, emphasizing the principle that new amendments should not affect existing rights. Case-Laws Central Excise Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305791