https://www.taxtmi.com/caselaws?id=2171 Thermocole patterns used in a foundry for casting were treated as falling within the capital goods framework, by analogy with moulds and dies under the Cenvat Credit Rules, 2001, rather than as mere inputs for the claimed treatment. The credit structure already allowed was maintained, including the 50% entitlement approach referred to in the Board circular. Penalty was found excessive and reduced proportionately, so the only modification was to the penalty quantum. en-us Wed, 02 Aug 2006 00:00:00 +0530 Tue, 15 Apr 2008 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2171 Thermocole patterns used in a foundry for casting were treated as falling within the capital goods framework, by analogy with moulds and dies under the Cenvat Credit Rules, 2001, rather than as mere inputs for the claimed treatment. The credit structure already allowed was maintained, including the 50% entitlement approach referred to in the Board circular. Penalty was found excessive and reduced proportionately, so the only modification was to the penalty quantum. Case-Laws Central Excise Wed, 02 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2171