https://www.taxtmi.com/caselaws?id=337410 CENVAT credit was held inadmissible on stainless steel plates procured for manufacture of capital goods and later cleared as such without being used in manufacture. The CENVAT Credit Rules, 2004 are confined to goods used in relation to manufacture, and the special treatment for inputs and capital goods under Rule 2(k) cannot be extended to items acquired for making capital goods and then removed unchanged. Earlier decisions and administrative clarification did not address this precise question, and the statutory scheme could not be expanded to bypass the limits attached to inputs and capital goods. The Revenue's appeal succeeded. en-us Mon, 22 Aug 2016 00:00:00 +0530 Sun, 08 Jan 2017 22:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337410 CENVAT credit was held inadmissible on stainless steel plates procured for manufacture of capital goods and later cleared as such without being used in manufacture. The CENVAT Credit Rules, 2004 are confined to goods used in relation to manufacture, and the special treatment for inputs and capital goods under Rule 2(k) cannot be extended to items acquired for making capital goods and then removed unchanged. Earlier decisions and administrative clarification did not address this precise question, and the statutory scheme could not be expanded to bypass the limits attached to inputs and capital goods. The Revenue's appeal succeeded. Case-Laws Central Excise Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337410