https://www.taxtmi.com/caselaws?id=446798 Cenvat credit on MS items such as angles, channels and beams used in construction-related activity was treated as admissible where the materials were linked to taxable output and fell within the credit scheme, and the contrary objection based on the earlier Larger Bench view was rejected. For the pre-amendment period under Rule 14 of the Cenvat Credit Rules, 2004, interest was held payable on credit that was taken and later reversed before utilization, because reversal did not remove liability under the prevailing regime. The appeal succeeded only on the credit issue, while the interest demand was sustained and the penalties were removed. en-us Tue, 05 Dec 2023 00:00:00 +0530 Tue, 12 Dec 2023 09:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446798 Cenvat credit on MS items such as angles, channels and beams used in construction-related activity was treated as admissible where the materials were linked to taxable output and fell within the credit scheme, and the contrary objection based on the earlier Larger Bench view was rejected. For the pre-amendment period under Rule 14 of the Cenvat Credit Rules, 2004, interest was held payable on credit that was taken and later reversed before utilization, because reversal did not remove liability under the prevailing regime. The appeal succeeded only on the credit issue, while the interest demand was sustained and the penalties were removed. Case-Laws Service Tax Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446798