https://www.taxtmi.com/caselaws?id=125606 Cenvat credit was not admissible on welding electrodes used for repair and maintenance of machinery, as such consumables fall outside the settled credit principle applied to maintenance activity, and the denial of credit was upheld. Interest was not recoverable on credit that was merely taken in the records but not utilised, because interest is compensatory and depends on actual use or benefit from the credit; the levy of interest was therefore set aside. The order was modified accordingly. en-us Fri, 11 Jan 2008 00:00:00 +0530 Fri, 26 Oct 2012 17:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125606 Cenvat credit was not admissible on welding electrodes used for repair and maintenance of machinery, as such consumables fall outside the settled credit principle applied to maintenance activity, and the denial of credit was upheld. Interest was not recoverable on credit that was merely taken in the records but not utilised, because interest is compensatory and depends on actual use or benefit from the credit; the levy of interest was therefore set aside. The order was modified accordingly. Case-Laws Central Excise Fri, 11 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125606