https://www.taxtmi.com/caselaws?id=388236 The Tribunal upheld the denial of Cenvat credit on capital goods used for electricity generation for sale to the grid by a cooperative sugar mill. The decision was based on the Power Purchase Agreement's provisions, which specified that the capital goods were exclusively meant for supplying power to the grid, making them ineligible for the credit. The Tribunal also upheld the imposition of penalties and the extended period of limitation due to the appellant's conscious decision to take ineligible credit, constituting a violation with the intent to evade duty payment. en-us Fri, 08 Nov 2019 00:00:00 +0530 Tue, 12 Nov 2019 06:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388236 The Tribunal upheld the denial of Cenvat credit on capital goods used for electricity generation for sale to the grid by a cooperative sugar mill. The decision was based on the Power Purchase Agreement's provisions, which specified that the capital goods were exclusively meant for supplying power to the grid, making them ineligible for the credit. The Tribunal also upheld the imposition of penalties and the extended period of limitation due to the appellant's conscious decision to take ineligible credit, constituting a violation with the intent to evade duty payment. Case-Laws Central Excise Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388236