https://www.taxtmi.com/caselaws?id=336398 The appeal was allowed, setting aside the equivalent penalty imposed on the appellant for claiming Cenvat credit on casting and casting articles used in manufacturing activities as capital goods. The court considered conflicting views on the admissibility of such credit during the relevant period, following the decision in Vandana Global Ltd. v. Commissioner of Central Excise. Given the disputable nature of the issue and conflicting case laws, the appellant was not penalized with an equivalent penalty under Rule 15(2) of the Cenvat Credit Rules, 2004. en-us Thu, 28 Jul 2016 00:00:00 +0530 Wed, 21 Dec 2016 09:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336398 The appeal was allowed, setting aside the equivalent penalty imposed on the appellant for claiming Cenvat credit on casting and casting articles used in manufacturing activities as capital goods. The court considered conflicting views on the admissibility of such credit during the relevant period, following the decision in Vandana Global Ltd. v. Commissioner of Central Excise. Given the disputable nature of the issue and conflicting case laws, the appellant was not penalized with an equivalent penalty under Rule 15(2) of the Cenvat Credit Rules, 2004. Case-Laws Central Excise Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336398