https://www.taxtmi.com/caselaws?id=358969 Steel and allied items used in fabricating machinery, plant and supporting structures for manufacture of dutiable final products were treated as eligible for Cenvat credit because Rule 2(k) covers goods used in the manufacture of capital goods used in the factory, and Rule 2(a) recognises components, spares and accessories as capital goods. On that basis, the items qualified either as inputs or as parts of capital goods. Once credit was admissible, the penalties imposed on the company and its employee under Rule 15 read with Section 11AC were not sustainable and were set aside. en-us Mon, 28 Aug 2017 00:00:00 +0530 Mon, 23 Apr 2018 07:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358969 Steel and allied items used in fabricating machinery, plant and supporting structures for manufacture of dutiable final products were treated as eligible for Cenvat credit because Rule 2(k) covers goods used in the manufacture of capital goods used in the factory, and Rule 2(a) recognises components, spares and accessories as capital goods. On that basis, the items qualified either as inputs or as parts of capital goods. Once credit was admissible, the penalties imposed on the company and its employee under Rule 15 read with Section 11AC were not sustainable and were set aside. Case-Laws Central Excise Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358969