Excise – Cestat Ahmedabad: Issue of availment of 100% credit on capital goods in one FY - Even if the goods are considered as capital goods, at best the demand can be only for interest (and not penalty) for the period during which excess 50% credit was availed, it cannot be for the full amount of Cenvat credit that has been taken – Appeal allowed by way of Remand [Order attached]

13-Jan-2023 10:54:03