9911796707
TMI Blog2013 (6) TMI 527X X X X Extracts X X X X X X X X Extracts X X X X ..... the condition that the same should be in the possession of the manufacturer in the subsequent financial year is not applicable to the components. - credit allowed. - E/880/2012 - A/196/13/EB/C-II - Dated:- 11-2-2013 - S S Kang And P R Chandrasekharan, JJ. For the Appellant : Shri V Sridharan, Sr. Adv. For the Respondent : Shri P S Sodhi, Commissioner (AR) Per: S S Kang: Heard b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vailed in the subsequent financial year, as the bushings are not in the possession and use of the appellant. 3. The contention of the appellant is that the bushings, after use were re-exported for re-making. The contention is that balance of CENVAT credit in respect of the capital goods may be taken in any financial year subsequent to the financial year in which the capital goods are received in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pect of balance 50% of the credit which was availed in the subsequent financial year. 5. We find that the goods in question are components which are entitled for credit as capital goods. As per the provisions of Rule 4(2)(b) of the CENVAT Credit Rules the condition that the same should be in the possession of the manufacturer in the subsequent financial year is not applicable to the components. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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