https://www.taxtmi.com/caselaws?id=772973 Flexographic plates used in a printing machine were treated as components of the flexographic printing machine and therefore as capital goods under Rule 2(A)(iii) of the Cenvat Credit Rules, 2004. For capital goods, only 50% credit is available in the year of receipt, with the balance becoming admissible in the next financial year under Rule 4(2)(a). Because the disputed credit had become admissible by the time the show cause notice was issued, recovery under Rule 14 was not in accordance with law. The denial of Cenvat credit was therefore not sustainable, and the assessee was entitled to the credit. en-us Tue, 07 Jan 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772973 Flexographic plates used in a printing machine were treated as components of the flexographic printing machine and therefore as capital goods under Rule 2(A)(iii) of the Cenvat Credit Rules, 2004. For capital goods, only 50% credit is available in the year of receipt, with the balance becoming admissible in the next financial year under Rule 4(2)(a). Because the disputed credit had become admissible by the time the show cause notice was issued, recovery under Rule 14 was not in accordance with law. The denial of Cenvat credit was therefore not sustainable, and the assessee was entitled to the credit. Case-Laws Central Excise Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772973