https://www.taxtmi.com/caselaws?id=355143 The Tribunal ruled against the Appellants, denying eligibility for CENVAT credit on Naphtha used for generating electricity wheeled outside the factory premises, citing the precedent set in Maruti Suzuki Ltd. case. However, the penalty imposed on the Appellants was set aside in accordance with the judgment in Maruti Suzuki Ltd. case, which deemed penalty imposition unwarranted due to conflicting views on the issue. The Tribunal partially allowed the Appeal, providing clarity on both the CENVAT credit eligibility and penalty imposition, with the judgment pronounced on 22.12.2017. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 10 Feb 2018 07:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355143 The Tribunal ruled against the Appellants, denying eligibility for CENVAT credit on Naphtha used for generating electricity wheeled outside the factory premises, citing the precedent set in Maruti Suzuki Ltd. case. However, the penalty imposed on the Appellants was set aside in accordance with the judgment in Maruti Suzuki Ltd. case, which deemed penalty imposition unwarranted due to conflicting views on the issue. The Tribunal partially allowed the Appeal, providing clarity on both the CENVAT credit eligibility and penalty imposition, with the judgment pronounced on 22.12.2017. Case-Laws Central Excise Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355143