https://www.taxtmi.com/caselaws?id=793065 Cenvat credit demand on capital goods and spare parts was held unsustainable where the capital goods credit had been reversed before notice and spare parts were cleared as such on payment of central excise duty without further manufacture. That duty payment was treated as equivalent to reversal of the related credit, so no further demand survived. The extended period of limitation was also unavailable because the facts showed no wilful suppression, misstatement, or intent to evade duty; accordingly, interest and penalty were not leviable. The impugned order was set aside and the assessee obtained complete relief. en-us Thu, 21 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793065 Cenvat credit demand on capital goods and spare parts was held unsustainable where the capital goods credit had been reversed before notice and spare parts were cleared as such on payment of central excise duty without further manufacture. That duty payment was treated as equivalent to reversal of the related credit, so no further demand survived. The extended period of limitation was also unavailable because the facts showed no wilful suppression, misstatement, or intent to evade duty; accordingly, interest and penalty were not leviable. The impugned order was set aside and the assessee obtained complete relief. Case-Laws Central Excise Thu, 21 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793065