https://www.taxtmi.com/caselaws?id=354800 The Tribunal partially allowed the appeal by Hindustan Petroleum Corporation Ltd. regarding the denial of cenvat credit on capital goods. The credit for items like FRP Ladder Trays, Elbows, Impeller Spares, and Switch Board was granted, while credit for items like the Mobile Compactor Bin Storage System and Structural Steel Rolled/Structurals was denied. The Tribunal emphasized the need for evidence of credit utilization and deemed the penalty unjustified. The demand for interest was remanded for further examination. The judgment provided a detailed analysis of each item and legal principles applied. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 24 Feb 2018 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354800 The Tribunal partially allowed the appeal by Hindustan Petroleum Corporation Ltd. regarding the denial of cenvat credit on capital goods. The credit for items like FRP Ladder Trays, Elbows, Impeller Spares, and Switch Board was granted, while credit for items like the Mobile Compactor Bin Storage System and Structural Steel Rolled/Structurals was denied. The Tribunal emphasized the need for evidence of credit utilization and deemed the penalty unjustified. The demand for interest was remanded for further examination. The judgment provided a detailed analysis of each item and legal principles applied. Case-Laws Central Excise Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354800