https://www.taxtmi.com/caselaws?id=440491 The Tribunal allowed the appeals challenging the denial of CENVAT credit on certain items and the penalty imposed on the Managing Director. It held that the items qualified as 'capital goods' based on evidence provided by the appellant. The penalty on the Managing Director was set aside as there was no proof of his involvement in the incorrect availment of credit. The Tribunal concluded that the appellant was entitled to the credit and the penalty on the Managing Director was unjustified. en-us Tue, 18 Jul 2023 00:00:00 +0530 Wed, 19 Jul 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440491 The Tribunal allowed the appeals challenging the denial of CENVAT credit on certain items and the penalty imposed on the Managing Director. It held that the items qualified as 'capital goods' based on evidence provided by the appellant. The penalty on the Managing Director was set aside as there was no proof of his involvement in the incorrect availment of credit. The Tribunal concluded that the appellant was entitled to the credit and the penalty on the Managing Director was unjustified. Case-Laws Central Excise Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440491