https://www.taxtmi.com/caselaws?id=766808 FOR or total-cost supply terms, where transit risk remained with the seller and ownership did not pass at the factory gate, outward transportation formed part of the admissible CENVAT credit chain up to the place of removal, so denial of credit was not sustainable. In a dispute turning on contractual interpretation and credit eligibility, the extended period of limitation was also not sustainable on the approach reflected in the Board circular, and the consequential penalty could not survive once the demand failed on merits and limitation. The impugned order was set aside and relief followed on credit, interest, and penalty. en-us Fri, 21 Feb 2025 00:00:00 +0530 Wed, 05 Mar 2025 07:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766808 FOR or total-cost supply terms, where transit risk remained with the seller and ownership did not pass at the factory gate, outward transportation formed part of the admissible CENVAT credit chain up to the place of removal, so denial of credit was not sustainable. In a dispute turning on contractual interpretation and credit eligibility, the extended period of limitation was also not sustainable on the approach reflected in the Board circular, and the consequential penalty could not survive once the demand failed on merits and limitation. The impugned order was set aside and relief followed on credit, interest, and penalty. Case-Laws Central Excise Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766808