https://www.taxtmi.com/caselaws?id=436295 The Tribunal ruled in favor of the Appellant, allowing the availing of CENVAT Credit on iron and steel items for fabrication of capital goods used in manufacturing excisable goods. The penalty imposed under CENVAT Credit Rules, 2004, was deemed unjustified and set aside. The retrospective applicability of the amended Explanation 2 to Rule 2(k) of the CENVAT Credit Rules was contested, with the Tribunal determining that the Appellant's case qualified for CENVAT Credit eligibility. The impugned order was set aside, granting the Appellant's Appeal with consequential benefits. en-us Wed, 29 Mar 2023 00:00:00 +0530 Mon, 10 Apr 2023 08:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436295 The Tribunal ruled in favor of the Appellant, allowing the availing of CENVAT Credit on iron and steel items for fabrication of capital goods used in manufacturing excisable goods. The penalty imposed under CENVAT Credit Rules, 2004, was deemed unjustified and set aside. The retrospective applicability of the amended Explanation 2 to Rule 2(k) of the CENVAT Credit Rules was contested, with the Tribunal determining that the Appellant's case qualified for CENVAT Credit eligibility. The impugned order was set aside, granting the Appellant's Appeal with consequential benefits. Case-Laws Central Excise Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436295