CENVAT Credit Denied for Tower Materials and Pre-Fabricated Buildings; Demands Beyond Normal Period and Penalties Unwarranted.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CENVAT Credit - capital goods - tower material - pre-fabricated building / shelter - Until the Tribunal stepped in and conclusively held that no cenvat credit can be claimed as the goods are capital goods, the matter was at large - demand beyond the normal period and levy of penalty is not warranted.....