https://www.taxtmi.com/caselaws?id=267280 Cenvat credit is treated as admissible on steel items, foundation bolts, aluminium coils and aluminium sheets used in fabricating and erecting storage tanks and insulating pipes and tubes where those items form part of the plant and machinery used for manufacture. The commentary also notes that disclosure to the department about setting up the plant and taking credit negates suppression, so the extended limitation period cannot be invoked. On that basis, the demand fails on limitation and the foundation for penalty under Section 11AC does not survive. en-us Thu, 25 Jun 2015 00:00:00 +0530 Tue, 03 Nov 2015 06:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267280 Cenvat credit is treated as admissible on steel items, foundation bolts, aluminium coils and aluminium sheets used in fabricating and erecting storage tanks and insulating pipes and tubes where those items form part of the plant and machinery used for manufacture. The commentary also notes that disclosure to the department about setting up the plant and taking credit negates suppression, so the extended limitation period cannot be invoked. On that basis, the demand fails on limitation and the foundation for penalty under Section 11AC does not survive. Case-Laws Central Excise Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267280