https://www.taxtmi.com/caselaws?id=170398 The judgment rules in favor of the appellants, determining that the old and used SS plates procured for lining a furnace qualify as modvatable capital goods under Rule 2(a)(A)(iii) of the Cenvat Credit Rules, 2004. The plates, falling under Chapter 72 and consumed during furnace use, are considered components, spares, or accessories of the furnace. The decision sets aside the lower authorities' disallowance of credit, granting relief to the appellants without requiring pre-deposit of duty and penalty. en-us Fri, 04 Nov 2011 00:00:00 +0530 Tue, 26 May 2015 16:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170398 The judgment rules in favor of the appellants, determining that the old and used SS plates procured for lining a furnace qualify as modvatable capital goods under Rule 2(a)(A)(iii) of the Cenvat Credit Rules, 2004. The plates, falling under Chapter 72 and consumed during furnace use, are considered components, spares, or accessories of the furnace. The decision sets aside the lower authorities' disallowance of credit, granting relief to the appellants without requiring pre-deposit of duty and penalty. Case-Laws Central Excise Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170398