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Central Excise - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

CENVAT credit denied on the condition that the capital goods so ...


CENVAT Credit Allowed for Capital Goods Leased for Manufacturing, Despite Initial Denial Due to Financing Entity Issue.

March 29, 2016

Case Laws     Central Excise     AT

CENVAT credit denied on the condition that the capital goods so supplied by M/s. ITC Ltd. is not a financing company - There is no dispute that the capital goods so procured on lease basis are indeed used in the manufacturer of final product on behalf of M/s. ITC Ltd. - credit allowed - AT

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