https://www.taxtmi.com/caselaws?id=363666 The Tribunal allowed the appeal filed against the denial of CENVAT Credit, interest demand, and penalty imposition under Rule 15(2) of CENVAT Credit Rules, 2004. The appellant, engaged in steel manufacturing, availed credit for machinery used in setting up a Gas Manufacturing Plant within the factory premises. The Tribunal clarified that machinery need not be used in isolation in manufacturing processes to qualify for credit, referencing precedents like Pepsi Foods and Gujarat Ambuja Cement Ltd. By interpreting the rules to relieve tax burden and avoid cascading, the Tribunal upheld the admissibility of CENVAT Credit on capital goods, setting aside the denial and ruling in favor of the appellants. en-us Mon, 12 Feb 2018 00:00:00 +0530 Tue, 17 Jul 2018 07:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363666 The Tribunal allowed the appeal filed against the denial of CENVAT Credit, interest demand, and penalty imposition under Rule 15(2) of CENVAT Credit Rules, 2004. The appellant, engaged in steel manufacturing, availed credit for machinery used in setting up a Gas Manufacturing Plant within the factory premises. The Tribunal clarified that machinery need not be used in isolation in manufacturing processes to qualify for credit, referencing precedents like Pepsi Foods and Gujarat Ambuja Cement Ltd. By interpreting the rules to relieve tax burden and avoid cascading, the Tribunal upheld the admissibility of CENVAT Credit on capital goods, setting aside the denial and ruling in favor of the appellants. Case-Laws Central Excise Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363666