https://www.taxtmi.com/caselaws?id=437104 The Tribunal held that "Electrode Carbon Paste (ECS)" used in manufacturing ferro alloys qualifies as a consumable input eligible for cenvat credit under Rule 2(k) of the Cenvat Credit Rules, 2004. It rejected the Revenue's argument classifying ECS as capital goods, allowing the appellant to avail full cenvat credit on ECS. The Tribunal overturned the Commissioner (Appeals) decision, setting aside penalties and interest, and granted consequential relief to the appellant. en-us Tue, 18 Apr 2023 00:00:00 +0530 Thu, 27 Apr 2023 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437104 The Tribunal held that "Electrode Carbon Paste (ECS)" used in manufacturing ferro alloys qualifies as a consumable input eligible for cenvat credit under Rule 2(k) of the Cenvat Credit Rules, 2004. It rejected the Revenue's argument classifying ECS as capital goods, allowing the appellant to avail full cenvat credit on ECS. The Tribunal overturned the Commissioner (Appeals) decision, setting aside penalties and interest, and granted consequential relief to the appellant. Case-Laws Central Excise Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437104