https://www.taxtmi.com/caselaws?id=330959 Cenvat credit was treated as admissible for steel items used in fabrication of machinery and support structures, and for welding electrodes used for repair and maintenance of plant and machinery, because such use had a direct nexus with manufacture and fell within inputs used in or in relation to manufacture. Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004 was regarded as prospective only, so the restrictive exclusion could not apply to prior periods. The dispute was also described as interpretational, so extended limitation was unavailable and penalty could not be sustained. en-us Mon, 06 Jun 2016 00:00:00 +0530 Mon, 08 Aug 2016 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330959 Cenvat credit was treated as admissible for steel items used in fabrication of machinery and support structures, and for welding electrodes used for repair and maintenance of plant and machinery, because such use had a direct nexus with manufacture and fell within inputs used in or in relation to manufacture. Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004 was regarded as prospective only, so the restrictive exclusion could not apply to prior periods. The dispute was also described as interpretational, so extended limitation was unavailable and penalty could not be sustained. Case-Laws Central Excise Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330959