https://www.taxtmi.com/caselaws?id=273799 CENVAT credit on beams, MS plates, MS joists and similar steel items was held inadmissible as capital goods because the Larger Bench ruling had settled the controversy against the assessee, so the demand and interest were restored in favour of the Revenue. Penalties were nevertheless set aside because the issue had remained genuinely debatable in view of conflicting decisions and the reference to the Larger Bench, making penal consequence unwarranted. en-us Fri, 23 Jul 2010 00:00:00 +0530 Sat, 14 Jul 2018 11:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273799 CENVAT credit on beams, MS plates, MS joists and similar steel items was held inadmissible as capital goods because the Larger Bench ruling had settled the controversy against the assessee, so the demand and interest were restored in favour of the Revenue. Penalties were nevertheless set aside because the issue had remained genuinely debatable in view of conflicting decisions and the reference to the Larger Bench, making penal consequence unwarranted. Case-Laws Central Excise Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273799