https://www.taxtmi.com/forum/issue?id=109907 Plates procured to fabricate storage tanks are eligible for cenvat credit because they either become parts of the capital good (storage tank) or, when used in construction of the tank, are inputs for manufacture of a capital good; departmental practice allows treatment as input or capital good and phased posting (RG23C Part II practice of 50% in year of receipt and balance later) while maintaining system records in light of definitional changes under Notification No. 03/2011 NT. en-us Fri, 19 Feb 2016 19:05:57 +0530 Thu, 23 Jan 2025 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109907 Plates procured to fabricate storage tanks are eligible for cenvat credit because they either become parts of the capital good (storage tank) or, when used in construction of the tank, are inputs for manufacture of a capital good; departmental practice allows treatment as input or capital good and phased posting (RG23C Part II practice of 50% in year of receipt and balance later) while maintaining system records in light of definitional changes under Notification No. 03/2011 NT. Discussion-Forum Central Excise Fri, 19 Feb 2016 19:05:57 +0530 https://www.taxtmi.com/forum/issue?id=109907