https://www.taxtmi.com/caselaws?id=170710 MS angles and HR sheets used to fabricate a storage tank were held eligible for Cenvat credit because the storage tank is specifically treated as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004. Once the end product is capital goods, steel items used in its fabrication qualify as inputs used in the manufacture of capital goods under Rule 2(k). Denial of credit on the ground that the materials did not fall under Chapter 72 of the Central Excise Tariff Act, 1985 was not sustainable, and the credit denial was set aside in favour of the assessee. en-us Tue, 08 Jan 2013 00:00:00 +0530 Wed, 10 Jun 2015 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170710 MS angles and HR sheets used to fabricate a storage tank were held eligible for Cenvat credit because the storage tank is specifically treated as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004. Once the end product is capital goods, steel items used in its fabrication qualify as inputs used in the manufacture of capital goods under Rule 2(k). Denial of credit on the ground that the materials did not fall under Chapter 72 of the Central Excise Tariff Act, 1985 was not sustainable, and the credit denial was set aside in favour of the assessee. Case-Laws Central Excise Tue, 08 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170710