https://www.taxtmi.com/caselaws?id=242846 The tribunal found no prima facie case for the appellant regarding entitlement to CENVAT credit on goods used by another company in setting up a power plant. Ownership and usage of the goods were crucial factors in determining the entitlement. Regarding the limitation period for Central Excise duty demand, the tribunal observed that the appellant had promptly disclosed material facts, indicating no suppression of facts. The tribunal directed the appellant to pre-deposit a specified amount within a timeframe, with a waiver of pre-deposit and stay of recovery for remaining dues upon compliance. The judgment emphasized the significance of ownership, usage, and timely disclosure of material facts in such cases. en-us Tue, 26 Feb 2013 00:00:00 +0530 Wed, 22 Jan 2014 06:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242846 The tribunal found no prima facie case for the appellant regarding entitlement to CENVAT credit on goods used by another company in setting up a power plant. Ownership and usage of the goods were crucial factors in determining the entitlement. Regarding the limitation period for Central Excise duty demand, the tribunal observed that the appellant had promptly disclosed material facts, indicating no suppression of facts. The tribunal directed the appellant to pre-deposit a specified amount within a timeframe, with a waiver of pre-deposit and stay of recovery for remaining dues upon compliance. The judgment emphasized the significance of ownership, usage, and timely disclosure of material facts in such cases. Case-Laws Central Excise Tue, 26 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242846