https://www.taxtmi.com/caselaws?id=760454 CESTAT Allahabad partly allowed the appeal concerning CENVAT credit claims. The tribunal upheld SC precedent in Maruti Suzuki case, ruling that the assessee was entitled to credit only for inputs used in captive electricity consumption, not for excess electricity sold. Credit was denied for services from merchant exporter as they lacked nexus with manufacturing activities. The tribunal invoked extended limitation period due to suppression of facts, as the appellant failed to disclose tripartite agreements and credit availment details to the department. Penalties and interest were upheld for wrongly availed credits from merchant exporter invoices. en-us Mon, 23 Sep 2024 00:00:00 +0530 Mon, 21 Oct 2024 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760454 CESTAT Allahabad partly allowed the appeal concerning CENVAT credit claims. The tribunal upheld SC precedent in Maruti Suzuki case, ruling that the assessee was entitled to credit only for inputs used in captive electricity consumption, not for excess electricity sold. Credit was denied for services from merchant exporter as they lacked nexus with manufacturing activities. The tribunal invoked extended limitation period due to suppression of facts, as the appellant failed to disclose tripartite agreements and credit availment details to the department. Penalties and interest were upheld for wrongly availed credits from merchant exporter invoices. Case-Laws Central Excise Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760454