https://www.taxtmi.com/caselaws?id=275640 Tippers used for providing site formation and allied services were held not to qualify as capital goods for Cenvat credit during the relevant period, so the credit was inadmissible. Penalty was set aside because the dispute arose in a period where a bona fide view on eligibility could be taken, making penal consequences unwarranted. Confiscation of the tippers was sustained once irregular availment of credit was found, but the redemption fine was reduced as excessive on the facts. The appeal succeeded only to the extent of deletion of penalty and reduction of redemption fine, while denial of credit and confiscation were maintained. en-us Wed, 31 May 2017 00:00:00 +0530 Thu, 11 Oct 2018 06:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275640 Tippers used for providing site formation and allied services were held not to qualify as capital goods for Cenvat credit during the relevant period, so the credit was inadmissible. Penalty was set aside because the dispute arose in a period where a bona fide view on eligibility could be taken, making penal consequences unwarranted. Confiscation of the tippers was sustained once irregular availment of credit was found, but the redemption fine was reduced as excessive on the facts. The appeal succeeded only to the extent of deletion of penalty and reduction of redemption fine, while denial of credit and confiscation were maintained. Case-Laws Service Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275640