https://www.taxtmi.com/caselaws?id=251657 The Tribunal ruled in favor of the appellant, holding that goods used for maintenance of a captive power plant qualify for cenvat credit as "capital goods" under Rule 2(a) of the Cenvat Credit Rules, 2004. Judicial precedents supporting eligibility for repair and maintenance items were deemed applicable, outweighing contrary views. The impugned order demanding recovery of cenvat credit, interest, and penalty was found to be against the law. The Tribunal waived the pre-deposit requirement, allowed the stay application, and halted recovery pending the appeal. en-us Mon, 17 Mar 2014 00:00:00 +0530 Thu, 04 Sep 2014 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251657 The Tribunal ruled in favor of the appellant, holding that goods used for maintenance of a captive power plant qualify for cenvat credit as "capital goods" under Rule 2(a) of the Cenvat Credit Rules, 2004. Judicial precedents supporting eligibility for repair and maintenance items were deemed applicable, outweighing contrary views. The impugned order demanding recovery of cenvat credit, interest, and penalty was found to be against the law. The Tribunal waived the pre-deposit requirement, allowed the stay application, and halted recovery pending the appeal. Case-Laws Central Excise Mon, 17 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251657