2014 (5) TMI 907

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..... l against the impugned order denying the CENVAT credit taken by them in the capital goods in June 2000. 2. The brief facts of the case are that the appellants are manufacturers of iron and steel products. During the period 1997-2000, the appellant procured certain inputs and was paying duty on the compounded levy scheme on the clearance. As the appellant was under process of setting up a project .....

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..... thereafter, CENVAT credit cannot be denied. Therefore, following the precedent decision of the Tribunal in Rishi Steels & Alloys P. Ltd. (supra), I hold that appellant are entitled to take CENVAT credit on the capital goods procured prior to 1.4.2000 which have been put to use after 1.4.2000. 4. With these terms, appeals are allowed. (Dictated in Court)
Case laws, Decisions, Judgements, Orde .....

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