https://www.taxtmi.com/caselaws?id=377021 The Tribunal dismissed the Revenue's appeal against an order setting aside the demand for reversal of CENVAT Credit, interest, and penalty against a company. The Tribunal found that the materials in question, used for manufacturing storage tanks and steeping vats, were not covered under the definition of capital goods or inputs, making the CENVAT Credit inadmissible. The Tribunal upheld the Commissioner's interpretation that the goods did not need to be used in the manufacture of the final product but in the factory of the manufacturer. Additionally, the exclusion under Rule 2(k) of the CENVAT Credit Rules did not apply to materials used in manufacturing machinery like tanks and vats. en-us Wed, 13 Feb 2019 00:00:00 +0530 Wed, 20 Mar 2019 08:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377021 The Tribunal dismissed the Revenue's appeal against an order setting aside the demand for reversal of CENVAT Credit, interest, and penalty against a company. The Tribunal found that the materials in question, used for manufacturing storage tanks and steeping vats, were not covered under the definition of capital goods or inputs, making the CENVAT Credit inadmissible. The Tribunal upheld the Commissioner's interpretation that the goods did not need to be used in the manufacture of the final product but in the factory of the manufacturer. Additionally, the exclusion under Rule 2(k) of the CENVAT Credit Rules did not apply to materials used in manufacturing machinery like tanks and vats. Case-Laws Central Excise Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377021