https://www.taxtmi.com/caselaws?id=757760 CESTAT Bangalore held that CENVAT credit on HR coils, HR sheets, MS angles, MS channels and MS plates used in manufacturing capital goods for constructing plywood manufacturing unit was admissible for period prior to 07.07.2009 based on established precedents. However, for period 07.07.2009 to October 2009, such credit was not admissible due to Explanation 2 inserted in Rule 2(k) definition of input vide Notification No.16/2009-CE(NT) dated 07.07.2009, which specifically excluded these items. Order modified, case remanded to original authority for recalculating demand post-07.07.2009. No penalty imposed on appellants. en-us Fri, 30 Aug 2024 00:00:00 +0530 Mon, 02 Sep 2024 08:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757760 CESTAT Bangalore held that CENVAT credit on HR coils, HR sheets, MS angles, MS channels and MS plates used in manufacturing capital goods for constructing plywood manufacturing unit was admissible for period prior to 07.07.2009 based on established precedents. However, for period 07.07.2009 to October 2009, such credit was not admissible due to Explanation 2 inserted in Rule 2(k) definition of input vide Notification No.16/2009-CE(NT) dated 07.07.2009, which specifically excluded these items. Order modified, case remanded to original authority for recalculating demand post-07.07.2009. No penalty imposed on appellants. Case-Laws Central Excise Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757760