CENVAT credit on Capital Goods - balance 50% of credit availed ...

High Court Confirms CENVAT Credit Demand on Capital Goods Prior to Use; Interpretation Deemed Clear and Unambiguous.

September 14, 2013

Case Laws Central Excise HC

CENVAT credit on Capital Goods - balance 50% of credit availed during subsequent years before the machinery put to use - The phrase, “in possession and use of the manufacturer of final products" was clear and unambiguous - The phrase calls for one and only one interpretation and does not call for any external aid to cull the meaning of the said phrase - Demand confirmed - HC

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CENVAT credit on Capital Goods - balance 50% of credit availed ...

High Court Confirms CENVAT Credit Demand on Capital Goods Prior to Use; Interpretation Deemed Clear and Unambiguous.

September 14, 2013

Case Laws Central Excise HC

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