https://www.taxtmi.com/caselaws?id=288408 The Tribunal upheld the Commissioner's decision to disallow CENVAT Credit for services used in an abandoned project, citing that the services must be related to final products for credit eligibility. The Tribunal also supported the extended period of limitation invocation due to the appellant's failure to inform about the project's abandonment. Additionally, a penalty of Rs. 5.00 lakhs was imposed on the appellant for wrongfully claiming the credit, deemed reasonable by the Tribunal. The appeal was dismissed, affirming the Commissioner's order without alteration. en-us Fri, 07 Jun 2019 00:00:00 +0530 Fri, 05 Jun 2020 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288408 The Tribunal upheld the Commissioner's decision to disallow CENVAT Credit for services used in an abandoned project, citing that the services must be related to final products for credit eligibility. The Tribunal also supported the extended period of limitation invocation due to the appellant's failure to inform about the project's abandonment. Additionally, a penalty of Rs. 5.00 lakhs was imposed on the appellant for wrongfully claiming the credit, deemed reasonable by the Tribunal. The appeal was dismissed, affirming the Commissioner's order without alteration. Case-Laws Central Excise Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288408