https://www.taxtmi.com/caselaws?id=263262 The Tribunal allowed the appeals in favor of the appellants, concluding that they were entitled to CENVAT credit on items like steel plates, channels, angles, welding electrodes, and storage racks used in manufacturing capital goods and their components. The Tribunal set aside the disallowance of credit and penalties imposed, citing relevant precedents from the Supreme Court and the Madras High Court supporting the eligibility of credit on the disputed items. en-us Wed, 19 Aug 2015 00:00:00 +0530 Tue, 25 Aug 2015 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263262 The Tribunal allowed the appeals in favor of the appellants, concluding that they were entitled to CENVAT credit on items like steel plates, channels, angles, welding electrodes, and storage racks used in manufacturing capital goods and their components. The Tribunal set aside the disallowance of credit and penalties imposed, citing relevant precedents from the Supreme Court and the Madras High Court supporting the eligibility of credit on the disputed items. Case-Laws Central Excise Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263262