2015 (1) TMI 1292

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..... Rule 2(a) of Cenvat Credit Rules, 2004 covers the goods listed in this sub Rule, which have been "used in the factory of manufacture of final product". Thus, for capital goods Cenvat Credit, their use in or in relation to manufacture of final product is not required and their use in the factory of manufacture for the any purpose whether in or in relation to manufacture or for any other purpose inc .....

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..... nal dated 17.12.2013 holding that since the capital goods for R D work cannot be treated as having been used in or in relation to manufacture of the final product, has denied the Capital Goods Cenvat Credit amounting to ₹ 9,97,38,882/- confirmed its demand along with interest thereon under section 11AB and has imposed penalty of equal amount on them under Rule 15(2) of Cenvat Credit Rules, .....

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