https://www.taxtmi.com/caselaws?id=787121 Cenvat credit is admissible on cryogenic storage tanks treated as capital goods and on SS coils, sheets and plates used in fabrication, erection and commissioning where those goods function as removable capital assets for provision of taxable services; this follows application of the Cenvat Credit Rules allowing credit for capital goods and materials used to provide output services. Cenvat credit is not admissible for cement and bars used in permanent foundations or support structures because the Rules exclude such uses. Extended limitation and penalty were held inapplicable absent evidence of deliberate evasion and given the existence of conflicting precedent. en-us Wed, 25 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787121 Cenvat credit is admissible on cryogenic storage tanks treated as capital goods and on SS coils, sheets and plates used in fabrication, erection and commissioning where those goods function as removable capital assets for provision of taxable services; this follows application of the Cenvat Credit Rules allowing credit for capital goods and materials used to provide output services. Cenvat credit is not admissible for cement and bars used in permanent foundations or support structures because the Rules exclude such uses. Extended limitation and penalty were held inapplicable absent evidence of deliberate evasion and given the existence of conflicting precedent. Case-Laws Central Excise Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787121