https://www.taxtmi.com/caselaws?id=362861 Under the amended Rule 2(k) of the CENVAT Credit Rules, 2004, inputs were defined broadly to include goods used in the factory, subject to specified exclusions. Welding electrodes used for repair and maintenance of machinery and other capital goods within the factory were treated as eligible inputs because the capital goods were employed in manufacturing final products and the electrodes were not expressly excluded. The earlier restrictive approach under the pre-amendment regime was therefore not applied. The result is that welding electrodes used for such in-factory maintenance qualify for CENVAT credit unless they fall within an express exclusion or are wholly unrelated to manufacture. en-us Mon, 02 Jul 2018 00:00:00 +0530 Thu, 05 Jul 2018 09:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362861 Under the amended Rule 2(k) of the CENVAT Credit Rules, 2004, inputs were defined broadly to include goods used in the factory, subject to specified exclusions. Welding electrodes used for repair and maintenance of machinery and other capital goods within the factory were treated as eligible inputs because the capital goods were employed in manufacturing final products and the electrodes were not expressly excluded. The earlier restrictive approach under the pre-amendment regime was therefore not applied. The result is that welding electrodes used for such in-factory maintenance qualify for CENVAT credit unless they fall within an express exclusion or are wholly unrelated to manufacture. Case-Laws Central Excise Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362861