https://www.taxtmi.com/caselaws?id=272291 CENVAT/MODVAT credit was held admissible on iron and steel items, fabricated tanks, pipes, plates, channels, chemicals and allied materials used in fabrication, storage and testing activities connected with manufacture. The text states that credit is not confined to items directly used in the final product, and that materials used for fabrication of storage tanks, replacement of worn-out machinery parts, storage of raw and finished goods, and laboratory testing can qualify as inputs or capital goods under the credit regime. The Revenue's challenge was rejected. en-us Thu, 25 Feb 2016 00:00:00 +0530 Fri, 04 Mar 2016 11:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272291 CENVAT/MODVAT credit was held admissible on iron and steel items, fabricated tanks, pipes, plates, channels, chemicals and allied materials used in fabrication, storage and testing activities connected with manufacture. The text states that credit is not confined to items directly used in the final product, and that materials used for fabrication of storage tanks, replacement of worn-out machinery parts, storage of raw and finished goods, and laboratory testing can qualify as inputs or capital goods under the credit regime. The Revenue's challenge was rejected. Case-Laws Central Excise Thu, 25 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272291