https://www.taxtmi.com/caselaws?id=1826 Credit on welding electrodes is not admissible as either capital goods or inputs, and the denial of credit on that item is upheld in line with existing Tribunal and Larger Bench rulings. By contrast, shapes, sections, MS bars, HR coils and steel plates used as raw material to fabricate capital goods within the factory cannot be denied credit merely because they are incorporated into such capital goods, where Rule 57D permits credit on inputs used in their manufacture and the capital goods are used in the factory. The article therefore states that credit is denied on welding electrodes but available on the remaining fabrication inputs. en-us Thu, 29 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1826 Credit on welding electrodes is not admissible as either capital goods or inputs, and the denial of credit on that item is upheld in line with existing Tribunal and Larger Bench rulings. By contrast, shapes, sections, MS bars, HR coils and steel plates used as raw material to fabricate capital goods within the factory cannot be denied credit merely because they are incorporated into such capital goods, where Rule 57D permits credit on inputs used in their manufacture and the capital goods are used in the factory. The article therefore states that credit is denied on welding electrodes but available on the remaining fabrication inputs. Case-Laws Central Excise Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1826