https://www.taxtmi.com/caselaws?id=125241 Cenvat credit on welding electrodes used for repair and maintenance of machinery was denied because the Supreme Court ruling in SAIL was treated as governing on merits over the contrary High Court view, so such goods were not eligible inputs on the facts. Penalty was deleted because the dispute involved conflicting judicial views on admissibility of credit and was treated as one of statutory interpretation, making penal consequences inappropriate. The disallowance of credit was sustained while penalty was set aside. en-us Mon, 01 Dec 2008 00:00:00 +0530 Sat, 20 Oct 2012 18:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125241 Cenvat credit on welding electrodes used for repair and maintenance of machinery was denied because the Supreme Court ruling in SAIL was treated as governing on merits over the contrary High Court view, so such goods were not eligible inputs on the facts. Penalty was deleted because the dispute involved conflicting judicial views on admissibility of credit and was treated as one of statutory interpretation, making penal consequences inappropriate. The disallowance of credit was sustained while penalty was set aside. Case-Laws Central Excise Mon, 01 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125241