https://www.taxtmi.com/forum/issue?id=111407 CENVAT credit on steel inputs used to construct a storage tank depends on whether the tank is a capital good or goods consumed in construction excluded by Rule 2(k)(B). If the tank is a movable capital good, inputs may be credited in the inputs register and duty on the manufactured tank treated in the capital goods register; if immovable and non-excisable, inputs are reflected in the capital goods register without duty on the tank. Conflicting authorities and the movability/marketability test determine treatment. en-us Mon, 23 Jan 2017 15:37:28 +0530 Thu, 23 Jan 2025 15:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111407 CENVAT credit on steel inputs used to construct a storage tank depends on whether the tank is a capital good or goods consumed in construction excluded by Rule 2(k)(B). If the tank is a movable capital good, inputs may be credited in the inputs register and duty on the manufactured tank treated in the capital goods register; if immovable and non-excisable, inputs are reflected in the capital goods register without duty on the tank. Conflicting authorities and the movability/marketability test determine treatment. Discussion-Forum Central Excise Mon, 23 Jan 2017 15:37:28 +0530 https://www.taxtmi.com/forum/issue?id=111407