https://www.taxtmi.com/caselaws?id=357283 The Tribunal held that MS items used for fabricating support structures of capital goods are eligible for CENVAT credit. The delegation of verification to the Range Superintendent was deemed improper. The penalty on disallowed credit was overturned due to the assessee's prompt reversal and genuine belief. Admissibility of credit on welding electrodes and tubes and pipes was upheld based on broad interpretation of inputs. The Tribunal found the disallowance of credit on MS items for structural support unjustified, considering the relevant period and legal precedents. en-us Wed, 07 Mar 2018 00:00:00 +0530 Wed, 21 Mar 2018 08:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357283 The Tribunal held that MS items used for fabricating support structures of capital goods are eligible for CENVAT credit. The delegation of verification to the Range Superintendent was deemed improper. The penalty on disallowed credit was overturned due to the assessee's prompt reversal and genuine belief. Admissibility of credit on welding electrodes and tubes and pipes was upheld based on broad interpretation of inputs. The Tribunal found the disallowance of credit on MS items for structural support unjustified, considering the relevant period and legal precedents. Case-Laws Central Excise Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357283