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2018 (5) TMI 602 - AT - Central ExciseCENVAT credit - inputs - cement, steel, corner board, paper carrier, edge protector etc - 50% credit on capital goods - Held that: - as regards inputs, paper carrier rope is a consumable during the manufacturing activity of paper in the appellants factory - Corner board is used during the paper handling process - CENVAT credit on these inputs eligible. CENVAT credit on capital goods - entire credit availed in first year itself - Held that: - When there is no dispute as to the fact that they are eligible to avail CENVAT credit on the capital goods, at the most, the lower authorities could demand interest from the appellant for the CENVAT credit availed in excess in the first year but cannot deny the CENVAT credit equivalent to 50% of the amount involved. No penalty is required to be imposed on the appellant. Appeal disposed off.
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