https://www.taxtmi.com/caselaws?id=352002 The Tribunal ruled that the appellants were not entitled to credit on items used for manufacturing storage racks as they did not fall under the definition of capital goods. The decisions cited by the appellants were deemed inapplicable as they related to complete storage racks or crates, not parts of such storage systems. The penalty imposed on the appellants was set aside, and the appeal was partly allowed. en-us Mon, 23 Oct 2017 00:00:00 +0530 Wed, 06 Dec 2017 07:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352002 The Tribunal ruled that the appellants were not entitled to credit on items used for manufacturing storage racks as they did not fall under the definition of capital goods. The decisions cited by the appellants were deemed inapplicable as they related to complete storage racks or crates, not parts of such storage systems. The penalty imposed on the appellants was set aside, and the appeal was partly allowed. Case-Laws Central Excise Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352002