https://www.taxtmi.com/caselaws?id=237873 The Tribunal upheld the denial of CENVAT credit to the appellant for capital goods used in manufacturing exempted products before becoming dutiable. The Larger Bench decision in Spenta International Ltd. case clarified that eligibility for CENVAT credit is based on the dutiability of final products at the time of receiving the capital goods. The penalties imposed by the first appellate authority were set aside as unjustified, given the issue was a matter of interpretation. The decision confirmed the ineligibility of CENVAT credit and associated interest but removed the penalties. en-us Fri, 06 Sep 2013 00:00:00 +0530 Wed, 09 Oct 2013 06:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237873 The Tribunal upheld the denial of CENVAT credit to the appellant for capital goods used in manufacturing exempted products before becoming dutiable. The Larger Bench decision in Spenta International Ltd. case clarified that eligibility for CENVAT credit is based on the dutiability of final products at the time of receiving the capital goods. The penalties imposed by the first appellate authority were set aside as unjustified, given the issue was a matter of interpretation. The decision confirmed the ineligibility of CENVAT credit and associated interest but removed the penalties. Case-Laws Central Excise Fri, 06 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237873