https://www.taxtmi.com/caselaws?id=54422 Where Cenvat credit on thermo couple tips was initially taken as inputs and later treated as capital goods, the assessee had sufficient balance in the Cenvat account and the classification was changed only during adjudication; on those facts, the taking of credit did not justify penal action and penalty was held not imposable. en-us Wed, 11 May 2005 00:00:00 +0530 Wed, 20 Oct 2010 10:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54422 Where Cenvat credit on thermo couple tips was initially taken as inputs and later treated as capital goods, the assessee had sufficient balance in the Cenvat account and the classification was changed only during adjudication; on those facts, the taking of credit did not justify penal action and penalty was held not imposable. Case-Laws Central Excise Wed, 11 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54422