https://www.taxtmi.com/caselaws?id=365626 Cenvat credit was treated as admissible where the disputed goods had a functional nexus with the assessee's operations, including corrosion control, lubrication of marine loading arms, fire prevention and compliance-linked safety requirements. On that basis, credit on industrial paints and thinners, grease and AFFF concentrate was upheld. Credit on Rheobuild 821, angles and panels used for storage tank structures was allowed only to the extent recognised for construction of structures integral to the storage facility, while the remaining denied items were not pressed. The Revenue's challenge failed, and the assessee succeeded only in part on the input-credit claims. en-us Tue, 20 Mar 2018 00:00:00 +0530 Fri, 06 Mar 2020 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365626 Cenvat credit was treated as admissible where the disputed goods had a functional nexus with the assessee's operations, including corrosion control, lubrication of marine loading arms, fire prevention and compliance-linked safety requirements. On that basis, credit on industrial paints and thinners, grease and AFFF concentrate was upheld. Credit on Rheobuild 821, angles and panels used for storage tank structures was allowed only to the extent recognised for construction of structures integral to the storage facility, while the remaining denied items were not pressed. The Revenue's challenge failed, and the assessee succeeded only in part on the input-credit claims. Case-Laws Service Tax Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365626