https://www.taxtmi.com/caselaws?id=336818 The Tribunal ruled in favor of the appellant in a case involving irregular availment of CENVAT credit on MS items categorized as capital goods. The Tribunal disallowed credit for the portion used in civil construction and temporary structures but allowed credit for the amount genuinely utilized in fabrication and erection of capital goods. The appellant was not liable to pay interest on the reversed credit amount. The impugned order was modified, disallowing credit for the ineligible portion and setting aside the demand for interest, thereby partly allowing the appeal and providing relief to the appellant on the penalty issue. en-us Thu, 08 Dec 2016 00:00:00 +0530 Tue, 10 Jan 2017 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336818 The Tribunal ruled in favor of the appellant in a case involving irregular availment of CENVAT credit on MS items categorized as capital goods. The Tribunal disallowed credit for the portion used in civil construction and temporary structures but allowed credit for the amount genuinely utilized in fabrication and erection of capital goods. The appellant was not liable to pay interest on the reversed credit amount. The impugned order was modified, disallowing credit for the ineligible portion and setting aside the demand for interest, thereby partly allowing the appeal and providing relief to the appellant on the penalty issue. Case-Laws Central Excise Thu, 08 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336818