https://www.taxtmi.com/caselaws?id=756691 CESTAT Kolkata allowed the appeal where CENVAT Credit on capital goods was denied to the assessee. The tribunal held that since the capital goods were procured by the appellant under a separate contract and remained their property throughout, despite being handed over to a contractor for installation, the appellant was entitled to CENVAT Credit. The goods were ultimately used in manufacturing final products. The denial of credit was unsustainable, and penalties imposed were set aside as the credit was correctly taken. en-us Tue, 25 Jun 2024 00:00:00 +0530 Thu, 08 Aug 2024 09:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756691 CESTAT Kolkata allowed the appeal where CENVAT Credit on capital goods was denied to the assessee. The tribunal held that since the capital goods were procured by the appellant under a separate contract and remained their property throughout, despite being handed over to a contractor for installation, the appellant was entitled to CENVAT Credit. The goods were ultimately used in manufacturing final products. The denial of credit was unsustainable, and penalties imposed were set aside as the credit was correctly taken. Case-Laws Service Tax Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756691