https://www.taxtmi.com/caselaws?id=267958 Cenvat credit on inputs used to manufacture and install a furnace within the factory was otherwise admissible because the furnace qualified as capital goods under the applicable exemption framework. Although the credit demand had been voluntarily paid and remained undisturbed, penalty was not warranted where the credit was not contested and was substantively allowable. Interest could not be revived in the assessee's appeal because the adjudicating authority had dropped that demand and the Revenue had not challenged that finding; the dropped interest demand had attained finality. Penalty and the appellate interest demand were therefore set aside. en-us Fri, 29 May 2015 00:00:00 +0530 Fri, 08 Jan 2016 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267958 Cenvat credit on inputs used to manufacture and install a furnace within the factory was otherwise admissible because the furnace qualified as capital goods under the applicable exemption framework. Although the credit demand had been voluntarily paid and remained undisturbed, penalty was not warranted where the credit was not contested and was substantively allowable. Interest could not be revived in the assessee's appeal because the adjudicating authority had dropped that demand and the Revenue had not challenged that finding; the dropped interest demand had attained finality. Penalty and the appellate interest demand were therefore set aside. Case-Laws Central Excise Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267958