https://www.taxtmi.com/caselaws?id=245973 The Appellate Tribunal rejected the Revenue's appeal regarding the eligibility of storage racks as capital goods for Cenvat credit. Relying on precedents and the definition of capital goods, the Tribunal concluded that the storage racks could be treated as capital goods for availing Cenvat credit, in line with decisions in similar cases. The assessees were allowed to claim Cenvat credit on the storage racks, contrary to the Revenue's contention, leading to the rejection of the appeal. en-us Wed, 16 May 2012 00:00:00 +0530 Sat, 12 Apr 2014 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245973 The Appellate Tribunal rejected the Revenue's appeal regarding the eligibility of storage racks as capital goods for Cenvat credit. Relying on precedents and the definition of capital goods, the Tribunal concluded that the storage racks could be treated as capital goods for availing Cenvat credit, in line with decisions in similar cases. The assessees were allowed to claim Cenvat credit on the storage racks, contrary to the Revenue's contention, leading to the rejection of the appeal. Case-Laws Central Excise Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245973