https://www.taxtmi.com/caselaws?id=377124 Iron and steel items used to fabricate a boiler, crystalliser, molasses tank and related support structures for sugar manufacturing machinery were treated as eligible for CENVAT credit for the period before 07.07.2009, because goods used in fabrication of capital goods and their components could qualify under the pre-amendment position. The amendment to Rule 2(k) of the CENVAT Credit Rules, 2004 was held to operate prospectively, so it did not affect credit claims for the earlier period. On that basis, the disallowance of credit and the consequential penalty were found unsustainable, and relief followed. en-us Tue, 19 Mar 2019 00:00:00 +0530 Sat, 23 Mar 2019 10:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377124 Iron and steel items used to fabricate a boiler, crystalliser, molasses tank and related support structures for sugar manufacturing machinery were treated as eligible for CENVAT credit for the period before 07.07.2009, because goods used in fabrication of capital goods and their components could qualify under the pre-amendment position. The amendment to Rule 2(k) of the CENVAT Credit Rules, 2004 was held to operate prospectively, so it did not affect credit claims for the earlier period. On that basis, the disallowance of credit and the consequential penalty were found unsustainable, and relief followed. Case-Laws Central Excise Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377124