https://www.taxtmi.com/article/detailed?id=823 The 2009 amendment to Explanation 2 to Rule 2(k) expressly excluded specified construction materials from the definition of input, and the Larger Bench held the amendment to be clarificatory with retrospective effect, concluding that foundations and supporting structures are capital assets but not capital goods, and that such materials do not qualify as parts, components, accessories or intermediate goods eligible for Cenvat credit. en-us Fri, 11 Jun 2010 15:27:44 +0530 Sat, 12 Jun 2010 09:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=823 The 2009 amendment to Explanation 2 to Rule 2(k) expressly excluded specified construction materials from the definition of input, and the Larger Bench held the amendment to be clarificatory with retrospective effect, concluding that foundations and supporting structures are capital assets but not capital goods, and that such materials do not qualify as parts, components, accessories or intermediate goods eligible for Cenvat credit. Articles Central Excise Fri, 11 Jun 2010 15:27:44 +0530 https://www.taxtmi.com/article/detailed?id=823