CENVAT Credit Allowed for Capital Goods Leased for Manufacturing, Despite Initial Denial Due to Financing Entity Issue.

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....CENVAT credit denied on the condition that the capital goods so supplied by M/s. ITC Ltd. is not a financing company - There is no dispute that the capital goods so procured on lease basis are indeed used in the manufacturer of final product on behalf of M/s. ITC Ltd. - credit allowed - AT....