https://www.taxtmi.com/caselaws?id=194825 The Appellate Tribunal CESTAT KOLKATA ruled in favor of the respondent, allowing cenvat credit on Electrode Carbon Paste (ECP) for specific financial years. The tribunal held that ECP qualified as an 'input' under Rule 2(k) of the Cenvat Credit Rules, 2004, due to its consumption in the manufacturing process of ferro alloys. Despite the revenue's argument that ECP resembled capital goods, the tribunal emphasized its role as a consumable in manufacturing, overturning the Adjudicating Authority's disallowance of credit. The decision supported the respondent's eligibility for cenvat credit on ECP, setting a precedent for similar items as inputs. en-us Wed, 16 Nov 2016 00:00:00 +0530 Fri, 29 Sep 2017 11:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194825 The Appellate Tribunal CESTAT KOLKATA ruled in favor of the respondent, allowing cenvat credit on Electrode Carbon Paste (ECP) for specific financial years. The tribunal held that ECP qualified as an 'input' under Rule 2(k) of the Cenvat Credit Rules, 2004, due to its consumption in the manufacturing process of ferro alloys. Despite the revenue's argument that ECP resembled capital goods, the tribunal emphasized its role as a consumable in manufacturing, overturning the Adjudicating Authority's disallowance of credit. The decision supported the respondent's eligibility for cenvat credit on ECP, setting a precedent for similar items as inputs. Case-Laws Central Excise Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194825