https://www.taxtmi.com/caselaws?id=53698 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicles and machine parts, allowing Modvat credit on inputs used for machine parts captively consumed in maintaining capital goods. It found that the final products were not exempt from duty, thus entitling the appellant to the credit. The Tribunal dismissed the Department's claims of suppression of facts and invocation of a larger limitation period, overturning the demand for repayment, interest, and penalties. The appeal was allowed, effectively reversing the Department's denial of credit and associated penalties. en-us Tue, 16 Nov 2004 00:00:00 +0530 Sat, 22 Jun 2024 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53698 The Tribunal ruled in favor of the appellant, a manufacturer of motor vehicles and machine parts, allowing Modvat credit on inputs used for machine parts captively consumed in maintaining capital goods. It found that the final products were not exempt from duty, thus entitling the appellant to the credit. The Tribunal dismissed the Department's claims of suppression of facts and invocation of a larger limitation period, overturning the demand for repayment, interest, and penalties. The appeal was allowed, effectively reversing the Department's denial of credit and associated penalties. Case-Laws Central Excise Tue, 16 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53698