https://www.taxtmi.com/caselaws?id=123149 Cenvat credit was admissible on iron and steel items used to fabricate storage tanks, because goods used in the manufacture of capital goods that are in turn used in producing final products fall within Rule 2 of the Cenvat Credit Rules, 2002. The credit could not be denied merely because the items were not directly used in the final product; the storage tanks formed part of the plant used in manufacturing sugar and molasses. Denial of credit was therefore unsustainable, and the assessee was entitled to the credit. en-us Mon, 31 Dec 2007 00:00:00 +0530 Thu, 06 Sep 2012 18:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123149 Cenvat credit was admissible on iron and steel items used to fabricate storage tanks, because goods used in the manufacture of capital goods that are in turn used in producing final products fall within Rule 2 of the Cenvat Credit Rules, 2002. The credit could not be denied merely because the items were not directly used in the final product; the storage tanks formed part of the plant used in manufacturing sugar and molasses. Denial of credit was therefore unsustainable, and the assessee was entitled to the credit. Case-Laws Central Excise Mon, 31 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123149