Rule 4(5)(b) of CENVAT Credit Rules allows credit for moulds & dies sent for production

Lear Automotive (India) Pvt Ltd Vs Commissioner of Central Excise & Customs (CESTAT Mumbai) In a recent appeal before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Mumbai, M/s Lear Automotive (India) Pvt Ltd contested a demand of ₹19,16,372 under Rule 14 of the CENVAT Credit Rules, 2004. The dispute revolved around the removal of ‘epoxy moulds’ to a manufacturer of ‘parts of automobile’ seats and their subsequent return for final assembly into finished products. The jurisdictional central excise authorities argued that the removal of moulds rend...