Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2010 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (2) TMI 608 - HC - Central ExciseModvat / Cenvat Credit – ownership – endorsement on bill of entry Capital goods were imported by M/s. Frito Lay India and received by the assessee. The assessee availed MODVAT credit on these goods. Department objected on the basis that the assessee was not the owner. – Held that: - Tribunal was correct in allowing the Modvat credit on the capital goods received by the respondent particularly when the endorsement in the Bill of Entry was made in its favour by M/s. Frito Lay India. Accordingly, both the questions of law are answered in favour of the assessee and against the Revenue
|