https://www.taxtmi.com/caselaws?id=425989 The Tribunal ruled in favor of the appellant, a steel manufacturing company, in a dispute over Central Excise duty demand on capital goods for a power plant. The denial of CENVAT credit was deemed unjustified as the goods were used for power generation. The penalty imposed on an ex-employee was set aside due to lack of evidence of willful suppression or fraud. The Tribunal clarified that payment method to the original supplier was irrelevant for credit eligibility under CENVAT Credit Rules, 2004. The extended period of limitation invoked was rejected for lack of evidence of fraud, leading to relief for the appellant. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 08:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425989 The Tribunal ruled in favor of the appellant, a steel manufacturing company, in a dispute over Central Excise duty demand on capital goods for a power plant. The denial of CENVAT credit was deemed unjustified as the goods were used for power generation. The penalty imposed on an ex-employee was set aside due to lack of evidence of willful suppression or fraud. The Tribunal clarified that payment method to the original supplier was irrelevant for credit eligibility under CENVAT Credit Rules, 2004. The extended period of limitation invoked was rejected for lack of evidence of fraud, leading to relief for the appellant. Case-Laws Central Excise Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425989