https://www.taxtmi.com/caselaws?id=117460 The Tribunal upheld the duty demand for Modvat/Cenvat credit on furnace oil used for electricity generation in a residential township, affirming that such areas are not part of the factory under the Central Excise Act. The redemption fine was set aside, and the penalty was reduced to Rs. 5 lakhs. Interest payment was confirmed as necessary. The appeal was partially allowed, with the decision pronounced on 20-2-2006. en-us Mon, 20 Feb 2006 00:00:00 +0530 Thu, 28 Mar 2024 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117460 The Tribunal upheld the duty demand for Modvat/Cenvat credit on furnace oil used for electricity generation in a residential township, affirming that such areas are not part of the factory under the Central Excise Act. The redemption fine was set aside, and the penalty was reduced to Rs. 5 lakhs. Interest payment was confirmed as necessary. The appeal was partially allowed, with the decision pronounced on 20-2-2006. Case-Laws Central Excise Mon, 20 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117460