https://www.taxtmi.com/caselaws?id=767237 The Tribunal allowed the Appellant to claim the full CENVAT credit under the proviso to Rule 4(2)(a) of the CENVAT Credit Rules, 2004, since the capital goods were cleared within the same financial year they were received. The Tribunal found the lower authority's demand and penalty unsustainable, as it ignored the proviso's applicability. The decision focused on the clear language of the proviso, leading to the setting aside of the order confirming the demand and imposing the penalty, with consequential relief granted to the Appellant. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767237 The Tribunal allowed the Appellant to claim the full CENVAT credit under the proviso to Rule 4(2)(a) of the CENVAT Credit Rules, 2004, since the capital goods were cleared within the same financial year they were received. The Tribunal found the lower authority's demand and penalty unsustainable, as it ignored the proviso's applicability. The decision focused on the clear language of the proviso, leading to the setting aside of the order confirming the demand and imposing the penalty, with consequential relief granted to the Appellant. Case-Laws Central Excise Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767237