https://www.taxtmi.com/caselaws?id=153528 The Tribunal upheld the order disallowing Cenvat credit and recovery of amounts, emphasizing compliance with deposit requirements for waiver of interest and penalty. The dispute revolved around interpreting Rule 2(a)(B) and Rule 2(k) of the Cenvat Credit Rules, 2004, regarding the definition of inputs and capital goods. The Tribunal found the applicants' argument invalid as vehicles for transporting inputs were not exempt under Rule 2(k). It directed the deposit of the duty amount within eight weeks, staying recovery of penalty and interest until appeal resolution, ensuring a balanced approach for both parties. Compliance reporting was set for 8th February, 2010. en-us Mon, 30 Nov 2009 00:00:00 +0530 Wed, 24 Jul 2013 16:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153528 The Tribunal upheld the order disallowing Cenvat credit and recovery of amounts, emphasizing compliance with deposit requirements for waiver of interest and penalty. The dispute revolved around interpreting Rule 2(a)(B) and Rule 2(k) of the Cenvat Credit Rules, 2004, regarding the definition of inputs and capital goods. The Tribunal found the applicants' argument invalid as vehicles for transporting inputs were not exempt under Rule 2(k). It directed the deposit of the duty amount within eight weeks, staying recovery of penalty and interest until appeal resolution, ensuring a balanced approach for both parties. Compliance reporting was set for 8th February, 2010. Case-Laws Central Excise Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153528