High Court Affirms KMCL's Right to CENVAT Credit for Power Plant Capital Goods, Despite Selling Surplus Power to NINL.

High Court Affirms KMCL's Right to CENVAT Credit for Power Plant Capital Goods, Despite Selling Surplus Power to NINL. https://www.taxtmi.com/highlights?id=66748 CENVAT Credit - capital goods used in the factory (Power Plant of KMCL) meant for another company/assessee (NINL) for manufacture of final products which are different and distinct - the power generated in the CPP of KMCL is used in the manufacture of the excisable goods by KMCL - the mere fact that the surplus power may have been sold to NINL would not disentitle KMCL to the benefit of CENVAT Credit on capital goods. - HC en-us Fri, 25 Nov 2022 08:06:36 +0530 Fri, 25 Nov 2022 08:06:36 +0530 TaxTMI RSS Generator High Court Affirms KMCL's Right to CENVAT Credit for Power Plant Capital Goods, Despite Selling Surplus Power to NINL. https://www.taxtmi.com/highlights?id=66748 CENVAT Credit - capital goods used in the factory (Power Plant of KMCL) meant for another company/assessee (NINL) for manufacture of final products which are different and distinct - the power generated in the CPP of KMCL is used in the manufacture of the excisable goods by KMCL - the mere fact that the surplus power may have been sold to NINL would not disentitle KMCL to the benefit of CENVAT Credit on capital goods. - HC Highlights Central Excise Fri, 25 Nov 2022 08:06:36 +0530 https://www.taxtmi.com/highlights?id=66748