https://www.taxtmi.com/caselaws?id=1826 Credit on welding electrodes is treated as inadmissible as either capital goods or inputs under the settled Tribunal and Larger Bench approach. By contrast, Rule 57D permits credit for inputs used to fabricate capital goods, provided those capital goods are used within the factory of production. Shapes, sections, MS bars, HR coils and steel plates used to fabricate equipment for expansion of a treatment plant and reactor therefore remain eligible for credit; their use as raw materials for capital goods does not itself justify denial. The resulting treatment sustains denial for welding electrodes while allowing credit for the other fabrication materials, with consequential relief under law. 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 treated as inadmissible as either capital goods or inputs under the settled Tribunal and Larger Bench approach. By contrast, Rule 57D permits credit for inputs used to fabricate capital goods, provided those capital goods are used within the factory of production. Shapes, sections, MS bars, HR coils and steel plates used to fabricate equipment for expansion of a treatment plant and reactor therefore remain eligible for credit; their use as raw materials for capital goods does not itself justify denial. The resulting treatment sustains denial for welding electrodes while allowing credit for the other fabrication materials, with consequential relief under law. Case-Laws Central Excise Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1826