https://www.taxtmi.com/caselaws?id=370483 Revenue neutrality and the absence of specific allegations of suppression, wilful misstatement, or mala fide intent preclude invocation of the extended limitation period for recovery of disputed CENVAT credit. Where the notice itself indicates that credit would remain available, fraudulent intent cannot be inferred without material establishing deliberate evasion. Tariff classification under Chapters 82, 84, 85 or 90 does not by itself establish that goods are capital goods. Items consumed in manufacturing, not capitalised in the accounts and providing no enduring benefit, cannot be denied CENVAT credit merely on their tariff heading. en-us Mon, 15 Oct 2018 00:00:00 +0530 Sun, 18 Nov 2018 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370483 Revenue neutrality and the absence of specific allegations of suppression, wilful misstatement, or mala fide intent preclude invocation of the extended limitation period for recovery of disputed CENVAT credit. Where the notice itself indicates that credit would remain available, fraudulent intent cannot be inferred without material establishing deliberate evasion. Tariff classification under Chapters 82, 84, 85 or 90 does not by itself establish that goods are capital goods. Items consumed in manufacturing, not capitalised in the accounts and providing no enduring benefit, cannot be denied CENVAT credit merely on their tariff heading. Case-Laws Central Excise Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370483