https://www.taxtmi.com/caselaws?id=419414 The tribunal remanded the case for verification of the status of finished goods manufactured from the capital goods, emphasizing the importance of factual verification and adherence to Cenvat Credit Rules. The tribunal ruled that if capital goods were not used exclusively for exempted goods, they could not be deemed ineligible for Cenvat credit. The personal penalty imposed on the employee was set aside due to the absence of malafide intent in interpreting the rules. The decision underscored the need for factual verification in determining eligibility for Cenvat credit on capital goods. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 11 Mar 2022 07:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419414 The tribunal remanded the case for verification of the status of finished goods manufactured from the capital goods, emphasizing the importance of factual verification and adherence to Cenvat Credit Rules. The tribunal ruled that if capital goods were not used exclusively for exempted goods, they could not be deemed ineligible for Cenvat credit. The personal penalty imposed on the employee was set aside due to the absence of malafide intent in interpreting the rules. The decision underscored the need for factual verification in determining eligibility for Cenvat credit on capital goods. Case-Laws Central Excise Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419414