https://www.taxtmi.com/caselaws?id=340580 Cenvat credit is discussed for steel items and welding electrodes used in fabrication, repair, maintenance, and erection of machinery and its support structures, on the basis that such use has a sufficient nexus with manufacture. The note also states that Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004, inserted from 07.07.2009, was treated as prospective and not retrospective. It further records that, in view of competing judicial views, the extended limitation period was not available for the demand, and once credit was held admissible, interest and penalty did not survive. 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 is discussed for steel items and welding electrodes used in fabrication, repair, maintenance, and erection of machinery and its support structures, on the basis that such use has a sufficient nexus with manufacture. The note also states that Explanation 2 to Rule 2(k) of the Cenvat Credit Rules, 2004, inserted from 07.07.2009, was treated as prospective and not retrospective. It further records that, in view of competing judicial views, the extended limitation period was not available for the demand, and once credit was held admissible, interest and penalty did not survive. Case-Laws Central Excise Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340580