https://www.taxtmi.com/caselaws?id=417886 Cenvat credit was held admissible on iron and steel items used to fabricate capital goods and support structures for cranes and connected manufacturing equipment, because credit must be tested on receipt and use of inputs, not by a rigid one-to-one correlation with each finished item; the evidence showed use in the factory and there was no contrary factual basis to deny it. Credit was also admissible on invoices treated as improper, since the documents substantially contained the required particulars, including address, registration details and separately indicated duty. The credit disallowance and related penalties were therefore set aside, with consequential relief to the assessee. en-us Tue, 04 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 06:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417886 Cenvat credit was held admissible on iron and steel items used to fabricate capital goods and support structures for cranes and connected manufacturing equipment, because credit must be tested on receipt and use of inputs, not by a rigid one-to-one correlation with each finished item; the evidence showed use in the factory and there was no contrary factual basis to deny it. Credit was also admissible on invoices treated as improper, since the documents substantially contained the required particulars, including address, registration details and separately indicated duty. The credit disallowance and related penalties were therefore set aside, with consequential relief to the assessee. Case-Laws Central Excise Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417886