https://www.taxtmi.com/caselaws?id=237774 Cenvat credit was held admissible on racks imported for use in the factory for storage of raw materials and finished goods, because their use formed part of the manufacturing set-up and they fell within the scope of "input" under Rule 2(k) of the Cenvat Credit Rules, 2004. The contrary view was rejected, and the earlier Larger Bench ruling on the same issue was followed in observance of judicial discipline. Credit could not be denied merely because the goods had initially been claimed under a different classification as capital goods. The denial of credit was therefore unsustainable. en-us Thu, 12 Sep 2013 00:00:00 +0530 Thu, 14 May 2015 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237774 Cenvat credit was held admissible on racks imported for use in the factory for storage of raw materials and finished goods, because their use formed part of the manufacturing set-up and they fell within the scope of "input" under Rule 2(k) of the Cenvat Credit Rules, 2004. The contrary view was rejected, and the earlier Larger Bench ruling on the same issue was followed in observance of judicial discipline. Credit could not be denied merely because the goods had initially been claimed under a different classification as capital goods. The denial of credit was therefore unsustainable. Case-Laws Central Excise Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237774