https://www.taxtmi.com/caselaws?id=344900 The Tribunal ruled in favor of the appellant, allowing the appeal and setting aside the Department's objection regarding the availment of cenvat credit on cement and TMT bars used for constructing a storage tank within the factory premises. The Tribunal determined that the storage tank qualifies as capital goods under the Cenvat Credit Rules, emphasizing that the amendments to the definition of input should operate prospectively. en-us Wed, 28 Dec 2016 00:00:00 +0530 Sat, 01 Jul 2017 18:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344900 The Tribunal ruled in favor of the appellant, allowing the appeal and setting aside the Department's objection regarding the availment of cenvat credit on cement and TMT bars used for constructing a storage tank within the factory premises. The Tribunal determined that the storage tank qualifies as capital goods under the Cenvat Credit Rules, emphasizing that the amendments to the definition of input should operate prospectively. Case-Laws Central Excise Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344900