https://www.taxtmi.com/caselaws?id=247863 Capital goods received before 1-4-2000 but installed thereafter qualified only for the credit available under the transitional Cenvat rule, namely 50% in the relevant financial year; the balance could not be carried forward to later years. Because the assessee took credit beyond that limit in two stages, the excess credit was inadmissible. As the credit availment itself was irregular, the consequential levy of interest and penalty was sustained. en-us Thu, 08 Sep 2011 00:00:00 +0530 Sun, 25 May 2014 13:35:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247863 Capital goods received before 1-4-2000 but installed thereafter qualified only for the credit available under the transitional Cenvat rule, namely 50% in the relevant financial year; the balance could not be carried forward to later years. Because the assessee took credit beyond that limit in two stages, the excess credit was inadmissible. As the credit availment itself was irregular, the consequential levy of interest and penalty was sustained. Case-Laws Central Excise Thu, 08 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247863