https://www.taxtmi.com/caselaws?id=390760 The Tribunal ruled in favor of the appellant, a Public Sector Undertaking manufacturing petroleum products, regarding the eligibility of Cenvat Credit for capital goods used in setting up a Nephtha Cracker Plant. The appellant was found entitled to the credit as the goods met the criteria under Rule 2(a) of the Cenvat Credit Rules, despite being fixed to earth structures. Ownership at the time of receipt was deemed irrelevant for claiming the credit, and the argument that goods becoming fixed to earth structures rendered them non-excisable was dismissed. The Tribunal set aside the Department's orders and allowed the appeals, emphasizing adherence to the specific criteria for claiming tax credits on capital goods. en-us Tue, 17 Dec 2019 00:00:00 +0530 Mon, 31 May 2021 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390760 The Tribunal ruled in favor of the appellant, a Public Sector Undertaking manufacturing petroleum products, regarding the eligibility of Cenvat Credit for capital goods used in setting up a Nephtha Cracker Plant. The appellant was found entitled to the credit as the goods met the criteria under Rule 2(a) of the Cenvat Credit Rules, despite being fixed to earth structures. Ownership at the time of receipt was deemed irrelevant for claiming the credit, and the argument that goods becoming fixed to earth structures rendered them non-excisable was dismissed. The Tribunal set aside the Department's orders and allowed the appeals, emphasizing adherence to the specific criteria for claiming tax credits on capital goods. Case-Laws Central Excise Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390760