https://www.taxtmi.com/caselaws?id=443464 The Tribunal allowed the appellant, engaged in manufacturing electric wires and cables, to claim Cenvat credit on various steel items used in manufacturing drums, supporting their classification as capital goods or inputs under the Cenvat Credit Rules, 2004. The Tribunal rejected the department's argument, citing precedents, and deemed the invocation of extended limitation period and penalties unjustified due to regular disclosure of credit in ER-1 returns. The impugned orders were set aside, and the appeals were allowed in favor of the appellant. en-us Mon, 11 Sep 2023 00:00:00 +0530 Thu, 21 Sep 2023 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443464 The Tribunal allowed the appellant, engaged in manufacturing electric wires and cables, to claim Cenvat credit on various steel items used in manufacturing drums, supporting their classification as capital goods or inputs under the Cenvat Credit Rules, 2004. The Tribunal rejected the department's argument, citing precedents, and deemed the invocation of extended limitation period and penalties unjustified due to regular disclosure of credit in ER-1 returns. The impugned orders were set aside, and the appeals were allowed in favor of the appellant. Case-Laws Central Excise Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443464