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2014 (11) TMI 161 - AT - Central ExciseCENVAT Credit - Whether cenvat credit is allowable on capital goods acquired on lease basis from a company which is not a financing company, Rule 4(3) of the Cenvat Credit Rules,, 2004 - Held that: - Rule 4(3) does not require procurement of capital goods from the financing company but is enabling and enlarging sub-rule allowing Modvat Credit even in those cases where the capital goods have been procured from a financing company - appellant is entitled to the benefit of Modvat Credit - cenvat credit was correctly availed by the appellant and appeal filed by the appellant is required to be allowed - Decided in favour of assessee.
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