https://www.taxtmi.com/article/detailed?id=5179 CENVAT credit under Rule 2(k) depends on whether goods are used in, or have a nexus with, manufacture of final products. Goods used in the factory, goods cleared with the final product whose value is included, goods for captive generation of power, and goods used in providing output services qualify as inputs, while specified exclusions apply. Tribunals have held that items used to fabricate or maintain machinery, packing and design materials, and goods used in manufacture of capital goods qualify as inputs when commercially essential to production; items without a manufacturing role do not. en-us Wed, 03 Jul 2013 08:12:13 +0530 Wed, 03 Jul 2013 08:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5179 CENVAT credit under Rule 2(k) depends on whether goods are used in, or have a nexus with, manufacture of final products. Goods used in the factory, goods cleared with the final product whose value is included, goods for captive generation of power, and goods used in providing output services qualify as inputs, while specified exclusions apply. Tribunals have held that items used to fabricate or maintain machinery, packing and design materials, and goods used in manufacture of capital goods qualify as inputs when commercially essential to production; items without a manufacturing role do not. Articles Service Tax Wed, 03 Jul 2013 08:12:13 +0530 https://www.taxtmi.com/article/detailed?id=5179