Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (1) TMI 625 - AT - Central ExciseCENVAT credit of CVD paid on capital goods - case of Revenue is that as per Rule 4 (2) (a) and (b) the assessee can avail only 50% of duty paid on capital goods as credit in any financial year - Held that: - due to certain administrative reasons and non-receipt of original documents, the appellant could not avail the credit of 50% in the same financial year when the capital goods were received by them. Accordingly, they availed the credit to the full extent in the next financial year 2012-2013 - The appellants are apparently eligible for 50% credit in 2011-2012 itself, as they had capital goods and did pay duty on such capital goods - appeal allowed - decided in favor of appellant.
|