https://www.taxtmi.com/caselaws?id=265010 Nitrogen cylinders used to store gas in the factory for deployment in the analytical laboratory and process plant were treated as capital goods because they functioned as storage tanks within the statutory definition. Welding electrodes used in the manufacturing process were also treated as eligible for Cenvat Credit, following settled precedent recognising such goods as creditable either as capital goods or as inputs. On that basis, the credit denial was set aside and consequential relief followed. en-us Tue, 21 Jul 2015 00:00:00 +0530 Sun, 04 Oct 2015 21:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265010 Nitrogen cylinders used to store gas in the factory for deployment in the analytical laboratory and process plant were treated as capital goods because they functioned as storage tanks within the statutory definition. Welding electrodes used in the manufacturing process were also treated as eligible for Cenvat Credit, following settled precedent recognising such goods as creditable either as capital goods or as inputs. On that basis, the credit denial was set aside and consequential relief followed. Case-Laws Central Excise Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265010