https://www.taxtmi.com/caselaws?id=241473 CENVAT credit on HR plates used to construct storage tanks for petroleum products was treated as prima facie admissible, because the appellant relied on High Court rulings holding that inputs used in manufacturing storage tanks can qualify as capital goods under Rule 2(a) of the CENVAT Credit Rules, 2004. The contrary Larger Bench view in Vandana Global Ltd. was noticed, but the High Court decisions were treated as prevailing. On that basis, a prima facie case was found for waiver and stay, and the adjudged dues were stayed. en-us Wed, 23 Jan 2013 00:00:00 +0530 Wed, 25 Dec 2013 06:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241473 CENVAT credit on HR plates used to construct storage tanks for petroleum products was treated as prima facie admissible, because the appellant relied on High Court rulings holding that inputs used in manufacturing storage tanks can qualify as capital goods under Rule 2(a) of the CENVAT Credit Rules, 2004. The contrary Larger Bench view in Vandana Global Ltd. was noticed, but the High Court decisions were treated as prevailing. On that basis, a prima facie case was found for waiver and stay, and the adjudged dues were stayed. Case-Laws Central Excise Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241473