Relief to MRF Limited: CESTAT rules Manufacturer is entitled to take credit of amount equivalent to Cenvat Credit paid earlier [Read Order]

In a major relief to MRF Limited, the CESTAT rules that manufacturer is entitled to take credit of amount equivalent to Cenvat Credit paid earlier
Relief - MRF Limited-CESTAT - Manufacturer - Credit - Amount equivalent - Cenvat Credit Paid - TAXSCAN

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the manufacturer is entitled to take credit of amount equivalent to Cenvat Credit paid earlier, thereby granting relief to M/s. MRF Limited. The department was of the view that the Appellant by availing CENVAT credit on Obsolescent material which was…

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