CENVAT Credit Reversal on Capital Goods: Lease Rentals for Set-Top Boxes Ruled Out Without Specific Provision.

Reversal of CENVAT Credit - capital goods or not - lease rentals - set top boxes and other CPE’s supplied to the consumers on the rental basis - In the absence of any specific statutory provision requiring such reversal along with absence of further availment of credit by any other assessee, it is held that the impugned order is erroneous in its presumption and in application of law. - AT .....

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