https://www.taxtmi.com/caselaws?id=363298 Excess Cenvat credit on capital goods taken at 100% instead of the permissible 50% could not be recovered in full where the record showed it remained largely unutilised and the balance was reversed before notice; the demand for the entire credit was therefore set aside, though interest was upheld for the limited period during which part of the credit was used. M.S. bars used to construct a pathway for cranes were not capital goods, nor were they shown to be components, spares or accessories specially fabricated for the cranes; denial of Cenvat credit on those bars was therefore sustained. en-us Tue, 26 Jun 2018 00:00:00 +0530 Wed, 11 Jul 2018 07:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363298 Excess Cenvat credit on capital goods taken at 100% instead of the permissible 50% could not be recovered in full where the record showed it remained largely unutilised and the balance was reversed before notice; the demand for the entire credit was therefore set aside, though interest was upheld for the limited period during which part of the credit was used. M.S. bars used to construct a pathway for cranes were not capital goods, nor were they shown to be components, spares or accessories specially fabricated for the cranes; denial of Cenvat credit on those bars was therefore sustained. Case-Laws Central Excise Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363298