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of <h1>CENVAT Credit Clarification: Only Excisable 'Capital Goods' Qualify; Cement and Steel for Structures Excluded per CESTAT Ruling.</h1> The circular addresses the availability of CENVAT credit on inputs used in manufacturing capital goods. It references a CESTAT Larger Bench judgment, which clarifies that 'capital goods' under CENVAT Credit Rules must be excisable. Items like cement and steel used for foundations or supporting structures do not qualify for CENVAT credit. The circular also notes that amendments to the rules are clarificatory and retrospective. Credit is only available for excisable goods defined as 'capital goods' and used in manufacturing. Inputs must be integral to the manufacturing process, excluding construction materials and repair items. Immediate action is advised to safeguard revenue and finalize pending cases.
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