https://www.taxtmi.com/caselaws?id=200479 The tribunal allowed the appeals, ruling in favor of the appellants on both the merits and the limitation issue. The appellants were deemed entitled to Cenvat credit on iron and steel items used in the manufacturing process, as they were integral to the fabrication of capital goods. The tribunal held that the exclusions in Explanation-2 of Rule 2(k) of the Cenvat Credit Rules, 2004, could not be applied retrospectively. Additionally, the show cause notices were considered time-barred due to the absence of suppression of facts or misrepresentation by the appellants. en-us Wed, 21 Jun 2017 00:00:00 +0530 Fri, 30 Mar 2018 10:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200479 The tribunal allowed the appeals, ruling in favor of the appellants on both the merits and the limitation issue. The appellants were deemed entitled to Cenvat credit on iron and steel items used in the manufacturing process, as they were integral to the fabrication of capital goods. The tribunal held that the exclusions in Explanation-2 of Rule 2(k) of the Cenvat Credit Rules, 2004, could not be applied retrospectively. Additionally, the show cause notices were considered time-barred due to the absence of suppression of facts or misrepresentation by the appellants. Case-Laws Central Excise Wed, 21 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200479