https://www.taxtmi.com/caselaws?id=245002 The appellant in this case sought Cenvat credit on rail used in the factory for moving goods within the factory as capital goods. The court found that the rail material, specifically PSC sleepers, did not fall under the definition of capital goods as per relevant provisions. As a result, the appellant was directed to deposit Rs. 50 lakhs within six weeks to comply with statutory obligations. The judgment highlights the importance of aligning goods with defined parameters for availing benefits like waiver of pre-deposit and emphasizes the need to meet prescribed criteria for tax credits and capital goods utilization. en-us Tue, 05 Mar 2013 00:00:00 +0530 Sat, 15 Mar 2014 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245002 The appellant in this case sought Cenvat credit on rail used in the factory for moving goods within the factory as capital goods. The court found that the rail material, specifically PSC sleepers, did not fall under the definition of capital goods as per relevant provisions. As a result, the appellant was directed to deposit Rs. 50 lakhs within six weeks to comply with statutory obligations. The judgment highlights the importance of aligning goods with defined parameters for availing benefits like waiver of pre-deposit and emphasizes the need to meet prescribed criteria for tax credits and capital goods utilization. Case-Laws Central Excise Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245002