https://www.taxtmi.com/caselaws?id=403873 The tribunal set aside the denial of Cenvat credit to the appellant, emphasizing that the penalty imposed on M/s Nirayu Pvt Ltd. did not justify the denial under Rule 9(1)(b) of the CENVAT Credit Rules, 2004. The tribunal found that the goods in question were not sold but only transferred, aligning with relevant case laws such as Karnataka Soaps & Detergents Ltd and Jai Raj Ispat Ltd. Therefore, the appellant's eligibility for Cenvat credit was upheld based on the specific circumstances and interpretations of the rule. en-us Mon, 08 Feb 2021 00:00:00 +0530 Wed, 10 Feb 2021 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403873 The tribunal set aside the denial of Cenvat credit to the appellant, emphasizing that the penalty imposed on M/s Nirayu Pvt Ltd. did not justify the denial under Rule 9(1)(b) of the CENVAT Credit Rules, 2004. The tribunal found that the goods in question were not sold but only transferred, aligning with relevant case laws such as Karnataka Soaps & Detergents Ltd and Jai Raj Ispat Ltd. Therefore, the appellant's eligibility for Cenvat credit was upheld based on the specific circumstances and interpretations of the rule. Case-Laws Central Excise Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403873