https://www.taxtmi.com/caselaws?id=368582 The Tribunal denied CENVAT credit on chassis, bodies, and spare parts for tippers, citing ineligibility under capital goods or inputs. The issue of availing CENVAT credit without valid documents was remanded for reconsideration. Excess CENVAT credit over 50% was set aside. CENVAT credit on motor vehicle cess was held incorrect. Confiscation of tippers and spare parts was overturned due to genuine belief in eligibility. Penalties under Rule 15 of CENVAT Credit Rules were set aside following industry norms and precedent. The appeals were partly allowed and partly rejected based on these findings. en-us Tue, 07 Aug 2018 00:00:00 +0530 Fri, 06 Mar 2020 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368582 The Tribunal denied CENVAT credit on chassis, bodies, and spare parts for tippers, citing ineligibility under capital goods or inputs. The issue of availing CENVAT credit without valid documents was remanded for reconsideration. Excess CENVAT credit over 50% was set aside. CENVAT credit on motor vehicle cess was held incorrect. Confiscation of tippers and spare parts was overturned due to genuine belief in eligibility. Penalties under Rule 15 of CENVAT Credit Rules were set aside following industry norms and precedent. The appeals were partly allowed and partly rejected based on these findings. Case-Laws Service Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368582