Cenvat credit on welding electrodes held admissible where prior Tribunal and High Court rulings supported the claim.

Cenvat credit on duty paid on welding electrodes was treated as admissible on the basis of earlier Tribunal and High Court rulings relied upon in the reasoning. Applying that settled position, the Tribunal held that welding electrodes used by the assessee qualified for Cenvat credit, and the contrary view in the impugned order could not stand. The assessee was therefore entitled to avail the credit.

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Issues: Whether Cenvat credit on duty paid on welding electrodes was admissible.

Analysis: The admissibility of credit on welding electrodes was treated as settled by earlier Tribunal and High Court decisions relied upon in the reasoning. Following that settled position, the Tribunal held that the duty paid on welding electrodes used by the assessee qualified for Cenvat credit and the contrary view taken in the impugned order could not stand.

Conclusion: The assessee was entitled to avail Cenvat credit on duty paid on welding electrodes.

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