https://www.taxtmi.com/caselaws?id=124091 The Appellate Tribunal CESTAT, Chennai, granted a complete waiver of pre-deposit and stayed the recovery of wrongly availed credit on inputs and input services for electricity generation. The Tribunal ruled that the appellant's use of inputs to generate steam within the factory, subsequently utilized in electricity production, made them eligible for CENVAT credit, regardless of electricity's exemption from excise duty. This decision emphasized the relevance of the initial purpose of inputs in determining credit eligibility, resulting in the waiver and stay until the final appeal disposal. en-us Fri, 07 Dec 2007 00:00:00 +0530 Tue, 25 Sep 2012 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124091 The Appellate Tribunal CESTAT, Chennai, granted a complete waiver of pre-deposit and stayed the recovery of wrongly availed credit on inputs and input services for electricity generation. The Tribunal ruled that the appellant's use of inputs to generate steam within the factory, subsequently utilized in electricity production, made them eligible for CENVAT credit, regardless of electricity's exemption from excise duty. This decision emphasized the relevance of the initial purpose of inputs in determining credit eligibility, resulting in the waiver and stay until the final appeal disposal. Case-Laws Central Excise Fri, 07 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124091