https://www.taxtmi.com/caselaws?id=185680 Credit on welding electrodes was denied because earlier Tribunal precedent had already treated them as ineligible input goods, and that denial was upheld. Credit on packing and jointing material used to prevent leakage of steam, liquid and gases in the plant was allowed, following prior precedent recognising such use as eligible for credit in sugar manufacture. The penalty was set aside because the dispute was substantially governed by settled precedent and did not warrant penal action. The decision turned on the nature and use of the goods for credit eligibility and the absence of a sufficient basis for penalty. en-us Tue, 11 Sep 2007 00:00:00 +0530 Tue, 23 Aug 2016 15:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185680 Credit on welding electrodes was denied because earlier Tribunal precedent had already treated them as ineligible input goods, and that denial was upheld. Credit on packing and jointing material used to prevent leakage of steam, liquid and gases in the plant was allowed, following prior precedent recognising such use as eligible for credit in sugar manufacture. The penalty was set aside because the dispute was substantially governed by settled precedent and did not warrant penal action. The decision turned on the nature and use of the goods for credit eligibility and the absence of a sufficient basis for penalty. Case-Laws Central Excise Tue, 11 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185680