https://www.taxtmi.com/caselaws?id=2743 Cenvat credit was denied on welding electrodes because they were used for repair, maintenance and hard-facing of machinery, and such material was treated as ineligible under prior Tribunal precedent. Credit was also denied on plain plates, as they were not shown to be capital goods or identifiable parts, accessories or components of machinery and were regarded as general fabrication material. Credit was allowed on jointing gasket sheets, asbestos, graphite lubricating packing and steel packing because they were used to seal leakage and support the functioning of plant and machinery as components or accessories. Penalty was not sustainable on the welding-electrode credit issue because the admissibility position was then subject to conflicting views. en-us Mon, 27 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2743 Cenvat credit was denied on welding electrodes because they were used for repair, maintenance and hard-facing of machinery, and such material was treated as ineligible under prior Tribunal precedent. Credit was also denied on plain plates, as they were not shown to be capital goods or identifiable parts, accessories or components of machinery and were regarded as general fabrication material. Credit was allowed on jointing gasket sheets, asbestos, graphite lubricating packing and steel packing because they were used to seal leakage and support the functioning of plant and machinery as components or accessories. Penalty was not sustainable on the welding-electrode credit issue because the admissibility position was then subject to conflicting views. Case-Laws Central Excise Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2743