https://www.taxtmi.com/caselaws?id=329291 The Tribunal allowed CENVAT credit for works related to modernization and repair, such as expansion of ETP and epoxy flooring, totaling Rs. 37,389 and Rs. 63,873, respectively. However, credit for foundation works for the cooling tower was disallowed. The Tribunal also set aside penalties imposed for irregular availment of credit, recognizing the interpretational nature of the issue. Consequently, the appeal was partly allowed with consequential reliefs, overturning the disallowance of credit for certain works while upholding it for others and canceling the penalties. en-us Wed, 25 May 2016 00:00:00 +0530 Tue, 10 Jan 2017 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329291 The Tribunal allowed CENVAT credit for works related to modernization and repair, such as expansion of ETP and epoxy flooring, totaling Rs. 37,389 and Rs. 63,873, respectively. However, credit for foundation works for the cooling tower was disallowed. The Tribunal also set aside penalties imposed for irregular availment of credit, recognizing the interpretational nature of the issue. Consequently, the appeal was partly allowed with consequential reliefs, overturning the disallowance of credit for certain works while upholding it for others and canceling the penalties. Case-Laws Service Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329291