https://www.taxtmi.com/caselaws?id=423162 The appeals filed by the Revenue were dismissed, affirming the Commissioner's order that the respondents were entitled to CENVAT credit on the capital goods used for setting up the Captive Power Plant (CPP). The Commissioner found no suppression of facts and ruled that the initial sale of electricity did not affect the admissibility of the credit. The retrospective amendment to Rule 6(4) and relevant judicial decisions supported the respondents' case. The proceedings for penalties and confiscation were also dropped, finding no merit in the Revenue's arguments. en-us Wed, 02 Mar 2022 00:00:00 +0530 Wed, 01 Jun 2022 07:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423162 The appeals filed by the Revenue were dismissed, affirming the Commissioner's order that the respondents were entitled to CENVAT credit on the capital goods used for setting up the Captive Power Plant (CPP). The Commissioner found no suppression of facts and ruled that the initial sale of electricity did not affect the admissibility of the credit. The retrospective amendment to Rule 6(4) and relevant judicial decisions supported the respondents' case. The proceedings for penalties and confiscation were also dropped, finding no merit in the Revenue's arguments. Case-Laws Central Excise Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423162