Input service credit permitted under Cenvat framework; classification of abrasive stones as capital goods preserves notification benefit. The concessional excise duty condition prohibits credit on 'inputs' but not on input services, so claiming CENVAT credit on input services does not breach the notification; abrasive stones classified differently during the tariff transition are to be treated as capital goods by virtue of the Removal of Difficulties provision substituting 6 digit references with corresponding 8 digit references in rules, and credit on such abrasive stones during the transition period does not forfeit the notification benefit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input service credit permitted under Cenvat framework; classification of abrasive stones as capital goods preserves notification benefit.
The concessional excise duty condition prohibits credit on "inputs" but not on input services, so claiming CENVAT credit on input services does not breach the notification; abrasive stones classified differently during the tariff transition are to be treated as capital goods by virtue of the Removal of Difficulties provision substituting 6 digit references with corresponding 8 digit references in rules, and credit on such abrasive stones during the transition period does not forfeit the notification benefit.
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