https://www.taxtmi.com/caselaws?id=337076 The Tribunal upheld the Commissioner(Appeals)'s decision to allow credit on MS angles, channels, beams, joists, HR coils, Floor/GI gratings, galvanized step treads under Chapter 72 and 73 of CETA as capital goods. The Tribunal emphasized the broad definition of capital goods, considering factors like utility in the factory and contribution to the manufacturing process. It noted the previous dismissal of a similar appeal by the Department and concluded that the items in question qualified for credit. Therefore, the Department's appeal was deemed lacking in merit and was dismissed. en-us Thu, 17 Nov 2016 00:00:00 +0530 Tue, 03 Jan 2017 10:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337076 The Tribunal upheld the Commissioner(Appeals)'s decision to allow credit on MS angles, channels, beams, joists, HR coils, Floor/GI gratings, galvanized step treads under Chapter 72 and 73 of CETA as capital goods. The Tribunal emphasized the broad definition of capital goods, considering factors like utility in the factory and contribution to the manufacturing process. It noted the previous dismissal of a similar appeal by the Department and concluded that the items in question qualified for credit. Therefore, the Department's appeal was deemed lacking in merit and was dismissed. Case-Laws Central Excise Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337076