https://www.taxtmi.com/caselaws?id=451020 CESTAT New Delhi dismissed revenue's appeal regarding CENVAT credit denial on capital goods and inputs. The tribunal held that extended limitation period could not be invoked as no suppression of facts was established - assessee properly filed ST-3 returns without requirement to declare specific credit details. CENVAT credit on excavators and tippers was correctly allowed as equipment was used partly for taxable services. Interest demand on capital goods credit was set aside as no provision exists for interest between credit availment and actual use. All penalties under section 78 and rule 15A were quashed due to absence of fraud or willful suppression elements. en-us Fri, 15 Mar 2024 00:00:00 +0530 Tue, 19 Mar 2024 08:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451020 CESTAT New Delhi dismissed revenue's appeal regarding CENVAT credit denial on capital goods and inputs. The tribunal held that extended limitation period could not be invoked as no suppression of facts was established - assessee properly filed ST-3 returns without requirement to declare specific credit details. CENVAT credit on excavators and tippers was correctly allowed as equipment was used partly for taxable services. Interest demand on capital goods credit was set aside as no provision exists for interest between credit availment and actual use. All penalties under section 78 and rule 15A were quashed due to absence of fraud or willful suppression elements. Case-Laws Service Tax Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451020