https://www.taxtmi.com/caselaws?id=754785 CESTAT Ahmedabad dismissed Revenue's appeal regarding CENVAT credit claims. The respondent successfully claimed credit on inputs lying in stock as of 30.06.2017, which were subsequently used in manufacturing goods cleared under GST post-transition. The tribunal held that inputs not used in manufacturing goods cleared under exemption notification 30/2004-CE cannot be denied credit. For capital goods, though credit availment was deferred for two years due to exemption notification usage, the restriction ended when the notification was rescinded on 30.06.2017, making the respondent immediately eligible for credit on capital goods used in non-exempted goods manufacturing. en-us Wed, 26 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 08:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754785 CESTAT Ahmedabad dismissed Revenue's appeal regarding CENVAT credit claims. The respondent successfully claimed credit on inputs lying in stock as of 30.06.2017, which were subsequently used in manufacturing goods cleared under GST post-transition. The tribunal held that inputs not used in manufacturing goods cleared under exemption notification 30/2004-CE cannot be denied credit. For capital goods, though credit availment was deferred for two years due to exemption notification usage, the restriction ended when the notification was rescinded on 30.06.2017, making the respondent immediately eligible for credit on capital goods used in non-exempted goods manufacturing. Case-Laws Central Excise Wed, 26 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754785