https://www.taxtmi.com/caselaws?id=426589 The Tribunal allowed the appeal in part, finding steel items eligible for Cenvat credit up to 06/07/2009, based on overruling of previous judgments. The retrospective amendment to Rule 2(k) w.e.f. 07/07/2009 was interpreted differently, leading to the allowance of Cenvat credit on mentioned items until the specified date. The penalty for wrongful availment post 07/07/2009 was waived due to the interpretational nature of the issue. The decision emphasized legal interpretations, retrospective amendments, and Cenvat credit eligibility, setting a precedent for future cases. en-us Wed, 10 Aug 2022 00:00:00 +0530 Mon, 22 Aug 2022 08:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426589 The Tribunal allowed the appeal in part, finding steel items eligible for Cenvat credit up to 06/07/2009, based on overruling of previous judgments. The retrospective amendment to Rule 2(k) w.e.f. 07/07/2009 was interpreted differently, leading to the allowance of Cenvat credit on mentioned items until the specified date. The penalty for wrongful availment post 07/07/2009 was waived due to the interpretational nature of the issue. The decision emphasized legal interpretations, retrospective amendments, and Cenvat credit eligibility, setting a precedent for future cases. Case-Laws Central Excise Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426589