https://www.taxtmi.com/caselaws?id=325904 CENVAT credit on motor vehicle chassis under Chapter 87 was not admissible because Rule 2(b) confined capital goods to specified tariff chapters and enumerated categories, and no direct nexus with manufacture was shown. The credit disallowance was therefore sustained. Penalty under Rule 13(1) was not sustainable because culpable conduct such as fraud, wilful misstatement, suppression, or similar mala fide intent was not proved against the Government undertaking, so the penalty was set aside. en-us Tue, 29 Mar 2016 00:00:00 +0530 Fri, 10 Feb 2017 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325904 CENVAT credit on motor vehicle chassis under Chapter 87 was not admissible because Rule 2(b) confined capital goods to specified tariff chapters and enumerated categories, and no direct nexus with manufacture was shown. The credit disallowance was therefore sustained. Penalty under Rule 13(1) was not sustainable because culpable conduct such as fraud, wilful misstatement, suppression, or similar mala fide intent was not proved against the Government undertaking, so the penalty was set aside. Case-Laws Central Excise Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325904