https://www.taxtmi.com/caselaws?id=340580 Cenvat credit may be available for steel items and welding electrodes used to fabricate, erect, repair or maintain machinery and support structures integrally connected with manufacture, where the required manufacturing nexus is established. Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004, inserted from 7 July 2009, is treated as prospective rather than clarificatory and cannot deny credit for an earlier period. Competing judicial views on credit eligibility may preclude allegations of suppression or wilful misstatement for invoking the extended limitation period. Where credit is admissible and the demand fails, consequential interest and penalty lack a sustainable basis. en-us Mon, 22 Aug 2016 00:00:00 +0530 Thu, 23 Mar 2017 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340580 Cenvat credit may be available for steel items and welding electrodes used to fabricate, erect, repair or maintain machinery and support structures integrally connected with manufacture, where the required manufacturing nexus is established. Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004, inserted from 7 July 2009, is treated as prospective rather than clarificatory and cannot deny credit for an earlier period. Competing judicial views on credit eligibility may preclude allegations of suppression or wilful misstatement for invoking the extended limitation period. Where credit is admissible and the demand fails, consequential interest and penalty lack a sustainable basis. Case-Laws Central Excise Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340580