https://www.taxtmi.com/caselaws?id=343885 Molecular Sieve used in air purification for oxygen manufacture was treated as an input because it formed an integral part of the pre-purification process, was repeatedly regenerated, and its actual use in manufacture determined credit eligibility. Cenvat credit could not be denied merely because the assessee had initially claimed the item as capital goods, since entitlement depends on the nature and function of the item, not the label adopted in the claim. The Revenue's challenge therefore failed and the credit was sustained. en-us Mon, 29 May 2017 00:00:00 +0530 Sat, 23 Sep 2017 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343885 Molecular Sieve used in air purification for oxygen manufacture was treated as an input because it formed an integral part of the pre-purification process, was repeatedly regenerated, and its actual use in manufacture determined credit eligibility. Cenvat credit could not be denied merely because the assessee had initially claimed the item as capital goods, since entitlement depends on the nature and function of the item, not the label adopted in the claim. The Revenue's challenge therefore failed and the credit was sustained. Case-Laws Central Excise Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343885