https://www.taxtmi.com/caselaws?id=337894 A Tribunal order is not unreasoned merely because it briefly follows an earlier binding precedent on the same question, since the reasoning of that precedent is treated as part of the order. On CENVAT credit, welding electrodes used for repair and maintenance of machinery were held not to qualify as capital goods because the definitions under the 2002 and 2004 Rules were exhaustive and limited to specifically enumerated categories; "components, spares and accessories" extended only to the listed goods. Credit was therefore disallowed, the Revenue succeeded, and the Tribunal's order was set aside. en-us Tue, 10 Jan 2017 00:00:00 +0530 Wed, 18 Jan 2017 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337894 A Tribunal order is not unreasoned merely because it briefly follows an earlier binding precedent on the same question, since the reasoning of that precedent is treated as part of the order. On CENVAT credit, welding electrodes used for repair and maintenance of machinery were held not to qualify as capital goods because the definitions under the 2002 and 2004 Rules were exhaustive and limited to specifically enumerated categories; "components, spares and accessories" extended only to the listed goods. Credit was therefore disallowed, the Revenue succeeded, and the Tribunal's order was set aside. Case-Laws Central Excise Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337894