https://www.taxtmi.com/caselaws?id=359051 Cenvat credit on iron and steel items used to fabricate support structures for capital goods was treated as admissible. The amendment to Rule 2(k) of the Cenvat Credit Rules, 2004 was considered prospective, so it did not justify retrospective denial of credit. Actual use of the materials, supported by the Chartered Engineer's certificate, was accepted, and a tentative bill of material was not regarded as a valid ground to refuse credit. Because the credit was allowed, the associated penalty under section 11AC of the Central Excise Act, 1944 was also not sustainable. en-us Mon, 09 Apr 2018 00:00:00 +0530 Tue, 24 Apr 2018 06:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359051 Cenvat credit on iron and steel items used to fabricate support structures for capital goods was treated as admissible. The amendment to Rule 2(k) of the Cenvat Credit Rules, 2004 was considered prospective, so it did not justify retrospective denial of credit. Actual use of the materials, supported by the Chartered Engineer's certificate, was accepted, and a tentative bill of material was not regarded as a valid ground to refuse credit. Because the credit was allowed, the associated penalty under section 11AC of the Central Excise Act, 1944 was also not sustainable. Case-Laws Central Excise Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359051