https://www.taxtmi.com/caselaws?id=118083 Welding electrodes used for repairs and maintenance of machinery or capital goods were held not eligible for Modvat or Cenvat credit because goods consumed for maintenance were outside the credit scheme and the record showed maintenance use. The Tribunal accordingly maintained denial of credit on the electrodes. On interest and penalties, no earlier finding had been recorded and, in light of the conflicting views on credit eligibility, those consequential demands were set aside. The rectification application thus succeeded only to the extent of deleting interest and penalty, while the credit disallowance was sustained. en-us Wed, 31 May 2006 00:00:00 +0530 Thu, 28 Jun 2012 13:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118083 Welding electrodes used for repairs and maintenance of machinery or capital goods were held not eligible for Modvat or Cenvat credit because goods consumed for maintenance were outside the credit scheme and the record showed maintenance use. The Tribunal accordingly maintained denial of credit on the electrodes. On interest and penalties, no earlier finding had been recorded and, in light of the conflicting views on credit eligibility, those consequential demands were set aside. The rectification application thus succeeded only to the extent of deleting interest and penalty, while the credit disallowance was sustained. Case-Laws Central Excise Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118083