https://www.taxtmi.com/caselaws?id=120782 Cenvat credit on capital goods was examined against competing interpretations of the Cenvat Credit Rules, 2002: one view fixed eligibility by the dutiability of the final product when the capital goods were received, while another permitted credit when the goods were later used for dutiable manufacture. The order noted that the entire credit had been reversed before adjudication and that the penalty question depended on the same interpretational dispute. As the two lines of authority were irreconcilable on the governing point, the question of law was referred to a Larger Bench, and the penalty issue was directed to follow that reference. en-us Fri, 19 Jan 2007 00:00:00 +0530 Tue, 24 Jul 2012 13:02:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120782 Cenvat credit on capital goods was examined against competing interpretations of the Cenvat Credit Rules, 2002: one view fixed eligibility by the dutiability of the final product when the capital goods were received, while another permitted credit when the goods were later used for dutiable manufacture. The order noted that the entire credit had been reversed before adjudication and that the penalty question depended on the same interpretational dispute. As the two lines of authority were irreconcilable on the governing point, the question of law was referred to a Larger Bench, and the penalty issue was directed to follow that reference. Case-Laws Central Excise Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120782