https://www.taxtmi.com/caselaws?id=2186 Inner tubes and flaps used with non-tubeless tyres were treated as inputs or accessories eligible for Cenvat credit because they functioned as components of the final product and were cleared along with it. The broad definition of input under Rule 2(k) of the Cenvat Credit Rules, 2004 was read with the excise valuation scheme under Section 4 of the Central Excise Act, 1944, so credit was available where the duty-paid item formed part of the tyres' assessable value. Credit was, however, made conditional on verification that the value of the tubes and flaps was included in the assessable value of the cleared tyres or set packs; otherwise, credit would not be admissible. en-us Fri, 15 Jun 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2186 Inner tubes and flaps used with non-tubeless tyres were treated as inputs or accessories eligible for Cenvat credit because they functioned as components of the final product and were cleared along with it. The broad definition of input under Rule 2(k) of the Cenvat Credit Rules, 2004 was read with the excise valuation scheme under Section 4 of the Central Excise Act, 1944, so credit was available where the duty-paid item formed part of the tyres' assessable value. Credit was, however, made conditional on verification that the value of the tubes and flaps was included in the assessable value of the cleared tyres or set packs; otherwise, credit would not be admissible. Case-Laws Central Excise Fri, 15 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2186