https://www.taxtmi.com/caselaws?id=243932 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, a manufacturer of bulk drugs and intermediaries, regarding the admissibility of CENVAT credit amounting to Rs. 14,13,992/- for 2007-08 and 2008-09. The dispute centered on the usage of certain materials in the construction of a new block. The Tribunal accepted the appellant's argument that only a portion of the items were used in support structures, justifying the credit availed. Additionally, the Tribunal acknowledged the time-barred nature of the demand, finding merit in the appellant's case against demands exceeding the normal time limit. As a result, the predeposit requirement for the remaining amount, interest, and penalty was waived, with a stay against recovery granted during the appeal process. en-us Wed, 20 Mar 2013 00:00:00 +0530 Thu, 13 Feb 2014 10:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243932 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellant, a manufacturer of bulk drugs and intermediaries, regarding the admissibility of CENVAT credit amounting to Rs. 14,13,992/- for 2007-08 and 2008-09. The dispute centered on the usage of certain materials in the construction of a new block. The Tribunal accepted the appellant's argument that only a portion of the items were used in support structures, justifying the credit availed. Additionally, the Tribunal acknowledged the time-barred nature of the demand, finding merit in the appellant's case against demands exceeding the normal time limit. As a result, the predeposit requirement for the remaining amount, interest, and penalty was waived, with a stay against recovery granted during the appeal process. Case-Laws Service Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243932