The Learned Commissioner vide Order dated 17.12.2013 holding that since the capital goods for R&D work cannot be treated having been used in or in relation to manufacture of the final product, has denied the Capital Goods Cenvat Credit amounting to Rs. 9,97,38,882/- confirmed its demand along with interest thereon under section 11AB and has … Continue reading Capital goods brought to the factory for R&D work would be eligible for CENVAT Credit, their use in the factory of manufacture for any purpose whether in or in relation to manufacture or for any other purpose including R&D would be enough for permitting the Cenvat Credit.