https://www.taxtmi.com/caselaws?id=175208 Cenvat credit was held admissible on inputs used directly or indirectly in manufacture where the materials were employed for pusher bars and furnace forms, a technological necessity in production; their prime quality or high value did not by itself disqualify credit. The Tribunal also treated reversal of the disputed amount before the show cause notice as sufficient to negate interest and penalty on that amount, particularly on the facts recorded. The Commissioner (Appeals)'s order allowing substantial credit and deleting penal and interest consequences was upheld, and the Revenue challenge failed. en-us Wed, 04 Oct 2006 00:00:00 +0530 Sat, 14 Nov 2015 11:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175208 Cenvat credit was held admissible on inputs used directly or indirectly in manufacture where the materials were employed for pusher bars and furnace forms, a technological necessity in production; their prime quality or high value did not by itself disqualify credit. The Tribunal also treated reversal of the disputed amount before the show cause notice as sufficient to negate interest and penalty on that amount, particularly on the facts recorded. The Commissioner (Appeals)'s order allowing substantial credit and deleting penal and interest consequences was upheld, and the Revenue challenge failed. Case-Laws Central Excise Wed, 04 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175208