https://www.taxtmi.com/caselaws?id=449754 Ceramic fibre board and ceramic fibre twisted rope used as furnace insulation in a power project qualified for exemption because they formed an essential, integral part of the initial setting-up and functioning of the project as machinery, auxiliary equipment or components. Their lack of direct electricity-generation function did not defeat eligibility where they enabled heat control, safety and boiler operation. The denial of Notification No. 33/2005-CE benefit was therefore unsustainable, and the associated demand, interest and penalties could not be sustained. en-us Tue, 13 Feb 2024 00:00:00 +0530 Tue, 20 Feb 2024 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449754 Ceramic fibre board and ceramic fibre twisted rope used as furnace insulation in a power project qualified for exemption because they formed an essential, integral part of the initial setting-up and functioning of the project as machinery, auxiliary equipment or components. Their lack of direct electricity-generation function did not defeat eligibility where they enabled heat control, safety and boiler operation. The denial of Notification No. 33/2005-CE benefit was therefore unsustainable, and the associated demand, interest and penalties could not be sustained. Case-Laws Central Excise Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449754