https://www.taxtmi.com/caselaws?id=800767 CENVAT credit for duty-paid capital goods received and used in a manufacturing factory remains available where components are incorporated into a turnkey system under a composite works contract. Separate supply and erection orders may form a single works-contract arrangement, with property passing no later than incorporation, but this does not impose an ownership-at-receipt condition for capital-goods credit. Exclusion of the goods element when valuing works-contract services is a valuation mechanism, not a conditional exemption that blocks recipient credit. Extended limitation requires deliberate suppression or another specified culpable element; invoices, statutory records and returns without concealment do not establish it. Without wrongful credit availment or culpable conduct, interest and penalties do not arise. en-us Fri, 09 Oct 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800767 CENVAT credit for duty-paid capital goods received and used in a manufacturing factory remains available where components are incorporated into a turnkey system under a composite works contract. Separate supply and erection orders may form a single works-contract arrangement, with property passing no later than incorporation, but this does not impose an ownership-at-receipt condition for capital-goods credit. Exclusion of the goods element when valuing works-contract services is a valuation mechanism, not a conditional exemption that blocks recipient credit. Extended limitation requires deliberate suppression or another specified culpable element; invoices, statutory records and returns without concealment do not establish it. Without wrongful credit availment or culpable conduct, interest and penalties do not arise. Case-Laws Central Excise Fri, 09 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800767