Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 1292 - AT - Central ExciseEligibility of Cenvat credit - whether the capital goods brought to the factory for R&D work during the period from March 08 to November 2012 would be eligible for Cenvat Credit or not? - Held that:- The definition of capital goods in as given Rule 2(a) of Cenvat Credit Rules, 2004 covers the goods listed in this sub Rule, which have been "used in the factory of manufacture of final product". Thus, for capital goods Cenvat Credit, their use in or in relation to manufacture of final product is not required and their use in the factory of manufacture for the any purpose whether in or in relation to manufacture or for any other purpose including R&D would be enough for permitting the Cenvat Credit. In view of this, the impugned order is not sustainable. The same is set aside. The appeals are allowed in favour of assessee.
|