https://www.taxtmi.com/caselaws?id=387055 The Tribunal held that the twenty per cent limit on CENVAT credit utilization under Rule 6(3)(c) of CCR, 2004 applies solely to inputs/input services credit and not to capital goods credit. The case was remanded for further examination due to insufficient information on credit distribution. Penalties were set aside, and if the appellant exceeded the limit on inputs/input services credit, the demand would be upheld only to that extent. The decision was rendered on 15/10/2019, with directives for interest payment on the upheld demand and penalty waivers under Section 80 of the Finance Act. en-us Tue, 15 Oct 2019 00:00:00 +0530 Wed, 16 Oct 2019 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387055 The Tribunal held that the twenty per cent limit on CENVAT credit utilization under Rule 6(3)(c) of CCR, 2004 applies solely to inputs/input services credit and not to capital goods credit. The case was remanded for further examination due to insufficient information on credit distribution. Penalties were set aside, and if the appellant exceeded the limit on inputs/input services credit, the demand would be upheld only to that extent. The decision was rendered on 15/10/2019, with directives for interest payment on the upheld demand and penalty waivers under Section 80 of the Finance Act. Case-Laws Service Tax Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387055