https://www.taxtmi.com/caselaws?id=52993 Cenvat/Modvat credit on electric cables laid partly outside the factory to supply power to the plant was held inadmissible because Rule 2(b) of the Cenvat Credit Rules, 2001 confines credit to capital goods used in the factory in the manufacture of final products. The Tribunal followed the Larger Bench view in Vikas Industrial Gas and rejected reliance on decisions concerning pipelines, conveyor belts and ropeways on the facts found. The penalty was set aside because the dispute arose from interpretation of the credit provisions and no mala fide intent was found. The result was confirmation of the credit disallowance with deletion of penalty, granting only partial relief to the assessee. en-us Fri, 09 Jul 2004 00:00:00 +0530 Fri, 08 Oct 2010 18:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52993 Cenvat/Modvat credit on electric cables laid partly outside the factory to supply power to the plant was held inadmissible because Rule 2(b) of the Cenvat Credit Rules, 2001 confines credit to capital goods used in the factory in the manufacture of final products. The Tribunal followed the Larger Bench view in Vikas Industrial Gas and rejected reliance on decisions concerning pipelines, conveyor belts and ropeways on the facts found. The penalty was set aside because the dispute arose from interpretation of the credit provisions and no mala fide intent was found. The result was confirmation of the credit disallowance with deletion of penalty, granting only partial relief to the assessee. Case-Laws Central Excise Fri, 09 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52993