https://www.taxtmi.com/caselaws?id=436139 The Tribunal ruled in favor of the Appellant, a manufacturer of Sponge Iron and TMT Bars, regarding the eligibility of Cenvat Credit for foundation bolts. The Tribunal upheld the Appellant's claim, emphasizing that the bolts were directly used in the manufacturing process of dutiable goods, aligning with Rule 2 (k) of CCR, 2004. Additionally, the Tribunal dismissed the Department's argument based on the classification of foundation bolts under Chapter 73, highlighting the Appellant's compliance with recording and disclosure requirements and ruling the Show Cause Notice beyond the limitation period as legally unsustainable. en-us Fri, 03 Mar 2023 00:00:00 +0530 Thu, 06 Apr 2023 08:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436139 The Tribunal ruled in favor of the Appellant, a manufacturer of Sponge Iron and TMT Bars, regarding the eligibility of Cenvat Credit for foundation bolts. The Tribunal upheld the Appellant's claim, emphasizing that the bolts were directly used in the manufacturing process of dutiable goods, aligning with Rule 2 (k) of CCR, 2004. Additionally, the Tribunal dismissed the Department's argument based on the classification of foundation bolts under Chapter 73, highlighting the Appellant's compliance with recording and disclosure requirements and ruling the Show Cause Notice beyond the limitation period as legally unsustainable. Case-Laws Central Excise Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436139