https://www.taxtmi.com/caselaws?id=390926 Cenvat credit was allowed on ingot moulds as accessories of steel-making plant, so the balance 50% credit could be taken in the subsequent year despite the moulds not remaining in possession. Credit was also allowed on DCS items, welding electrodes, and welding wires and rods because eligibility turned on actual use in or in relation to manufacture, not merely on the manner of declaration at procurement. Goods used in the DCS system, welding of slab caster rolls, and repair or maintenance of plant and machinery were treated as creditable inputs. As the principal credit disputes succeeded on merits, the penalty could not stand and was set aside. en-us Wed, 18 Dec 2019 00:00:00 +0530 Wed, 15 Jan 2020 06:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390926 Cenvat credit was allowed on ingot moulds as accessories of steel-making plant, so the balance 50% credit could be taken in the subsequent year despite the moulds not remaining in possession. Credit was also allowed on DCS items, welding electrodes, and welding wires and rods because eligibility turned on actual use in or in relation to manufacture, not merely on the manner of declaration at procurement. Goods used in the DCS system, welding of slab caster rolls, and repair or maintenance of plant and machinery were treated as creditable inputs. As the principal credit disputes succeeded on merits, the penalty could not stand and was set aside. Case-Laws Central Excise Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390926