https://www.taxtmi.com/caselaws?id=246585 Storage tanks are treated as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004, and inputs used in their manufacture may qualify for credit under Rule 2(k) when those capital goods are used in the factory. Their use in the manufacturing process and their character as immovable property did not, by itself, remove the case from the credit scheme. On that basis, the appellant was found to have made out a prima facie case for full waiver of pre-deposit, and recovery was stayed pending disposal of the appeal. en-us Mon, 03 Sep 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246585 Storage tanks are treated as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004, and inputs used in their manufacture may qualify for credit under Rule 2(k) when those capital goods are used in the factory. Their use in the manufacturing process and their character as immovable property did not, by itself, remove the case from the credit scheme. On that basis, the appellant was found to have made out a prima facie case for full waiver of pre-deposit, and recovery was stayed pending disposal of the appeal. Case-Laws Central Excise Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246585