https://www.taxtmi.com/caselaws?id=334252 The Tribunal upheld the respondent's eligibility to avail Cenvat credit on duty paid for steel plates, angles, and channels used in the fabrication of storage tanks within the factory premises. It was determined that storage tanks qualified as capital goods, allowing for the utilization of raw materials in their construction for Cenvat credit. The Tribunal found in favor of the respondent, emphasizing the interpretation of capital goods and inputs under the Cenvat Credit Rules, 2004. The revenue's appeal was rejected, affirming the respondent's entitlement to the Cenvat credit. en-us Thu, 25 Aug 2016 00:00:00 +0530 Fri, 28 Oct 2016 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334252 The Tribunal upheld the respondent's eligibility to avail Cenvat credit on duty paid for steel plates, angles, and channels used in the fabrication of storage tanks within the factory premises. It was determined that storage tanks qualified as capital goods, allowing for the utilization of raw materials in their construction for Cenvat credit. The Tribunal found in favor of the respondent, emphasizing the interpretation of capital goods and inputs under the Cenvat Credit Rules, 2004. The revenue's appeal was rejected, affirming the respondent's entitlement to the Cenvat credit. Case-Laws Central Excise Thu, 25 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334252