https://www.taxtmi.com/caselaws?id=798627 CENVAT credit on imported capital goods is available only to the manufacturer or service provider legally entitled to claim it under the CENVAT Credit Rules, 2004. Where a separate corporate entity imports and owns the goods, pays CVD and holds the Bills of Entry, another entity cannot claim that credit merely because of common shareholding, captive consumption, economic integration or revenue neutrality. Credit availed without statutory authority is recoverable under Rule 14 read with Section 11A, with applicable interest. Equal penalty may apply under Rule 15(2) read with Section 11AC where the relevant facts support it. No statutory mechanism permits cross-entity transfer of such credit. en-us Tue, 08 Sep 2026 00:00:00 +0530 Thu, 10 Sep 2026 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798627 CENVAT credit on imported capital goods is available only to the manufacturer or service provider legally entitled to claim it under the CENVAT Credit Rules, 2004. Where a separate corporate entity imports and owns the goods, pays CVD and holds the Bills of Entry, another entity cannot claim that credit merely because of common shareholding, captive consumption, economic integration or revenue neutrality. Credit availed without statutory authority is recoverable under Rule 14 read with Section 11A, with applicable interest. Equal penalty may apply under Rule 15(2) read with Section 11AC where the relevant facts support it. No statutory mechanism permits cross-entity transfer of such credit. Case-Laws Central Excise Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798627