https://www.taxtmi.com/caselaws?id=220594 Cenvat credit is available on HR coils, MS plates, channels and similar Chapter 72 goods when they are used to fabricate storage tanks deployed in the factory for manufacturing final products. The text explains that storage tanks qualify as capital goods, and goods used in their manufacture are treated as inputs under Explanation 2 to the Cenvat Credit Rules. The exclusion for goods used in constructing factory sheds, foundations or support structures does not apply where the tanks are not shown to be embedded to the earth or otherwise used for such excluded purposes. On that basis, the Tribunal's consistent view was that the credit is admissible. en-us Mon, 21 Jan 2013 00:00:00 +0530 Thu, 31 Jan 2013 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220594 Cenvat credit is available on HR coils, MS plates, channels and similar Chapter 72 goods when they are used to fabricate storage tanks deployed in the factory for manufacturing final products. The text explains that storage tanks qualify as capital goods, and goods used in their manufacture are treated as inputs under Explanation 2 to the Cenvat Credit Rules. The exclusion for goods used in constructing factory sheds, foundations or support structures does not apply where the tanks are not shown to be embedded to the earth or otherwise used for such excluded purposes. On that basis, the Tribunal's consistent view was that the credit is admissible. Case-Laws Central Excise Mon, 21 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220594