https://www.taxtmi.com/caselaws?id=209488 Transitional Cenvat credit under Rule 9A was confined to inputs actually "lying in stock" for use in dutiable final products, so goods removed from the factory and stored at the port area did not qualify merely because they remained under the assessee's control. Credit on such goods was disallowed and the related interest demand was restored. Because the dispute turned on interpretation of Rule 9A and the connected notifications, penalty was not justified and was set aside. en-us Tue, 22 Feb 2011 00:00:00 +0530 Wed, 17 Jul 2013 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209488 Transitional Cenvat credit under Rule 9A was confined to inputs actually "lying in stock" for use in dutiable final products, so goods removed from the factory and stored at the port area did not qualify merely because they remained under the assessee's control. Credit on such goods was disallowed and the related interest demand was restored. Because the dispute turned on interpretation of Rule 9A and the connected notifications, penalty was not justified and was set aside. Case-Laws Central Excise Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209488