https://www.taxtmi.com/caselaws?id=357772 Perlite powder used to line storage tanks as insulating material for low-temperature storage of manufactured gases was treated as eligible for Cenvat credit because it functioned as a component or accessory of the capital goods in the manufacturing system. Credit could not be denied merely on the basis of the material's classification, and the cited circular supported availability of credit on components, spares and accessories of specified capital goods. The denial of credit, interest and penalty was therefore not justified. en-us Wed, 08 Nov 2017 00:00:00 +0530 Fri, 30 Mar 2018 08:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357772 Perlite powder used to line storage tanks as insulating material for low-temperature storage of manufactured gases was treated as eligible for Cenvat credit because it functioned as a component or accessory of the capital goods in the manufacturing system. Credit could not be denied merely on the basis of the material's classification, and the cited circular supported availability of credit on components, spares and accessories of specified capital goods. The denial of credit, interest and penalty was therefore not justified. Case-Laws Central Excise Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357772