https://www.taxtmi.com/caselaws?id=428449 The Tribunal allowed the appeal of the Appellant, a manufacturer of sponge iron and MS billet, regarding the eligibility of Cenvat credit on welding electrodes. The Tribunal ruled in favor of the Appellant, citing a High Court decision overruling the earlier Tribunal decision and highlighting conflicting decisions on the issue until 2008. The Tribunal found the demand time-barred due to regular disclosure in statutory returns, leading to the set aside of the impugned orders and granting consequential relief to the Appellant. The judgment underscored the significance of legal precedents, jurisdictional decisions, and statutory compliance in determining Cenvat credit eligibility. en-us Fri, 30 Sep 2022 00:00:00 +0530 Sat, 01 Oct 2022 09:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428449 The Tribunal allowed the appeal of the Appellant, a manufacturer of sponge iron and MS billet, regarding the eligibility of Cenvat credit on welding electrodes. The Tribunal ruled in favor of the Appellant, citing a High Court decision overruling the earlier Tribunal decision and highlighting conflicting decisions on the issue until 2008. The Tribunal found the demand time-barred due to regular disclosure in statutory returns, leading to the set aside of the impugned orders and granting consequential relief to the Appellant. The judgment underscored the significance of legal precedents, jurisdictional decisions, and statutory compliance in determining Cenvat credit eligibility. Case-Laws Central Excise Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428449