https://www.taxtmi.com/caselaws?id=120941 Cenvat credit on aluminium ingots used to make jig wires and jig rods, which were captively consumed as capital goods in manufacture of the final product, was examined on a prima facie basis. The appellant relied on Rule 57D of the Central Excise Rules, 1944, while Revenue contended that the capital goods were manufactured without payment of duty. The Tribunal noted that Rule 57D and Rule 2(k) of the Cenvat Credit Rules, 2004 were not directly equivalent, but also found that Revenue itself treated the capital goods as an intermediate product. That factual position justified interim relief, and waiver of pre-deposit with stay of recovery was granted. en-us Tue, 06 Feb 2007 00:00:00 +0530 Wed, 25 Jul 2012 15:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120941 Cenvat credit on aluminium ingots used to make jig wires and jig rods, which were captively consumed as capital goods in manufacture of the final product, was examined on a prima facie basis. The appellant relied on Rule 57D of the Central Excise Rules, 1944, while Revenue contended that the capital goods were manufactured without payment of duty. The Tribunal noted that Rule 57D and Rule 2(k) of the Cenvat Credit Rules, 2004 were not directly equivalent, but also found that Revenue itself treated the capital goods as an intermediate product. That factual position justified interim relief, and waiver of pre-deposit with stay of recovery was granted. Case-Laws Central Excise Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120941