https://www.taxtmi.com/caselaws?id=246687 The appellate tribunal ruled in favor of the appellant, overturning the lower authorities' decision to deny Cenvat credit on a storage system in the appellant's factory. The tribunal found that the storage system qualified as capital goods under the Cenvat Credit Rules as it was used for storing inputs essential for manufacturing. Citing precedents, including Banco Products (I) Ltd. and Sonai Engineering Pvt. Ltd., the tribunal supported the appellant's claim. Additionally, the tribunal held that the show-cause notice issued in 2009 was time-barred, as the appellant had complied with rules and had a genuine belief in eligibility for the credit, leading to the decision to set aside the impugned order. en-us Fri, 30 Nov 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246687 The appellate tribunal ruled in favor of the appellant, overturning the lower authorities' decision to deny Cenvat credit on a storage system in the appellant's factory. The tribunal found that the storage system qualified as capital goods under the Cenvat Credit Rules as it was used for storing inputs essential for manufacturing. Citing precedents, including Banco Products (I) Ltd. and Sonai Engineering Pvt. Ltd., the tribunal supported the appellant's claim. Additionally, the tribunal held that the show-cause notice issued in 2009 was time-barred, as the appellant had complied with rules and had a genuine belief in eligibility for the credit, leading to the decision to set aside the impugned order. Case-Laws Central Excise Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246687