https://www.taxtmi.com/caselaws?id=364997 The Tribunal allowed the appeals, setting aside the demand for recovery of Cenvat credit along with interest and penalty. It held that the appellants were entitled to take credit of excise duty paid on inputs or capital goods, emphasizing the beneficial nature of the Cenvat Credit scheme. The Tribunal clarified that "exempted goods" should be interpreted as goods exempt from all kinds of excise duties, not just basic excise duty, to avoid anomalies in utilizing Cenvat credit for other duties on finished goods. The decision favored the appellants, granting them consequential relief. en-us Tue, 17 Jul 2018 00:00:00 +0530 Thu, 09 Aug 2018 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364997 The Tribunal allowed the appeals, setting aside the demand for recovery of Cenvat credit along with interest and penalty. It held that the appellants were entitled to take credit of excise duty paid on inputs or capital goods, emphasizing the beneficial nature of the Cenvat Credit scheme. The Tribunal clarified that "exempted goods" should be interpreted as goods exempt from all kinds of excise duties, not just basic excise duty, to avoid anomalies in utilizing Cenvat credit for other duties on finished goods. The decision favored the appellants, granting them consequential relief. Case-Laws Central Excise Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364997