CENVAT Credit Entitlement Unaffected by Corporate Merger; Ownership at Receipt Not a Basis for Denial.

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....CENVAT Credit - capital units - lifting of Corporate Veil - all units have been merged at a later date, though at the time of receipt of capital goods, all the three units were separate entities and the goods were received and owned by M/s. JSWPL - The legal position is that, the ownership of the goods cannot be the criteria for denying the CENVAT credit.....