https://www.taxtmi.com/caselaws?id=353314 The High Court dismissed the appeal against the Revenue regarding the eligibility of credit under Cenvat Credit Rules, 2004 for duty paid on steel and cement used in construction of storage tanks. The Court aligned with previous decisions favoring the assessee, upholding that items fixed to earth are not excisable and do not qualify as inputs or capital goods. The varying interpretation of the terms "input" and "capital goods" in different legal decisions was resolved in favor of the assessee based on consistent precedent, leading to the dismissal of the appeal against the Revenue. en-us Tue, 25 Jul 2017 00:00:00 +0530 Tue, 02 Jan 2018 08:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353314 The High Court dismissed the appeal against the Revenue regarding the eligibility of credit under Cenvat Credit Rules, 2004 for duty paid on steel and cement used in construction of storage tanks. The Court aligned with previous decisions favoring the assessee, upholding that items fixed to earth are not excisable and do not qualify as inputs or capital goods. The varying interpretation of the terms "input" and "capital goods" in different legal decisions was resolved in favor of the assessee based on consistent precedent, leading to the dismissal of the appeal against the Revenue. Case-Laws Central Excise Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353314