https://www.taxtmi.com/caselaws?id=754653 CESTAT Ahmedabad allowed the appeal, setting aside the order denying CENVAT credit. The department had denied credit based solely on Board Circular 783/16/2001-CX alleging dual benefit where excise duty on inputs was charged as expenditure while claiming CENVAT credit. The Tribunal held that the circular merely provided guidelines to field formations and did not stipulate denial of CENVAT credit in such situations. Following precedent, the Tribunal ruled that when CENVAT credit is taken in conformity with CENVAT Credit Rules 2004, income tax treatment does not affect eligibility for the credit. en-us Wed, 26 Jun 2024 00:00:00 +0530 Thu, 27 Jun 2024 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754653 CESTAT Ahmedabad allowed the appeal, setting aside the order denying CENVAT credit. The department had denied credit based solely on Board Circular 783/16/2001-CX alleging dual benefit where excise duty on inputs was charged as expenditure while claiming CENVAT credit. The Tribunal held that the circular merely provided guidelines to field formations and did not stipulate denial of CENVAT credit in such situations. Following precedent, the Tribunal ruled that when CENVAT credit is taken in conformity with CENVAT Credit Rules 2004, income tax treatment does not affect eligibility for the credit. Case-Laws Central Excise Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754653