https://www.taxtmi.com/caselaws?id=353743 The Tribunal denied the appellant's claim for cenvat credit on LPG gas cylinders, ruling it does not qualify as a capital good. However, credit for other items like furnace oil, petroleum coke, plastic bags/sheets, cotton chedda, and synthetic lubricants/grease was allowed as inputs for fabric manufacturing. The appellant's limitation argument was dismissed, and no penalty was imposed for the interpretation issue. The decision directed credit reversal for specific items used in fabric manufacturing, emphasizing the distinction between capital goods and inputs for cenvat credit eligibility. en-us Tue, 19 Dec 2017 00:00:00 +0530 Thu, 11 Jan 2018 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353743 The Tribunal denied the appellant's claim for cenvat credit on LPG gas cylinders, ruling it does not qualify as a capital good. However, credit for other items like furnace oil, petroleum coke, plastic bags/sheets, cotton chedda, and synthetic lubricants/grease was allowed as inputs for fabric manufacturing. The appellant's limitation argument was dismissed, and no penalty was imposed for the interpretation issue. The decision directed credit reversal for specific items used in fabric manufacturing, emphasizing the distinction between capital goods and inputs for cenvat credit eligibility. Case-Laws Central Excise Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353743