https://www.taxtmi.com/caselaws?id=368656 The appellant was entitled to Cenvat Credit for HR Plates used in the fabrication of storage tanks as they qualified as inputs under Rule 2(k) of the Cenvat Credit Rules, 2004. The appellant conceded the denial of credit for laboratory furniture. The argument against charging interest on the Cenvat Credit balance was accepted, as interest is chargeable only when the credit is availed and utilized. Therefore, the demand for interest and penalty related to the Cenvat Credit for laboratory furniture was set aside. The appeal was partly allowed, with the appellant succeeding in obtaining Cenvat Credit for HR Plates used in fabrication. en-us Mon, 27 Aug 2018 00:00:00 +0530 Fri, 12 Oct 2018 05:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368656 The appellant was entitled to Cenvat Credit for HR Plates used in the fabrication of storage tanks as they qualified as inputs under Rule 2(k) of the Cenvat Credit Rules, 2004. The appellant conceded the denial of credit for laboratory furniture. The argument against charging interest on the Cenvat Credit balance was accepted, as interest is chargeable only when the credit is availed and utilized. Therefore, the demand for interest and penalty related to the Cenvat Credit for laboratory furniture was set aside. The appeal was partly allowed, with the appellant succeeding in obtaining Cenvat Credit for HR Plates used in fabrication. Case-Laws Central Excise Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368656