https://www.taxtmi.com/caselaws?id=438567 Steel items used in fabrication of precast shapes, central blocks, end blocks and metal frames were treated as consumable inputs because verification showed they were consumed in manufacture and formed part of the finished goods supplied to the customer. Credit could not be denied on the assumption that the items were capital goods or structural supports, since the dispute did not concern use in factory construction, foundations or supporting structures. On that basis, the claim fell to be assessed under Rule 2(k) of the Cenvat Credit Rules, 2004, and the adverse findings were not sustainable. Cenvat credit was admissible, and the related demand, interest and penalty were set aside. en-us Thu, 06 Apr 2023 00:00:00 +0530 Fri, 02 Jun 2023 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438567 Steel items used in fabrication of precast shapes, central blocks, end blocks and metal frames were treated as consumable inputs because verification showed they were consumed in manufacture and formed part of the finished goods supplied to the customer. Credit could not be denied on the assumption that the items were capital goods or structural supports, since the dispute did not concern use in factory construction, foundations or supporting structures. On that basis, the claim fell to be assessed under Rule 2(k) of the Cenvat Credit Rules, 2004, and the adverse findings were not sustainable. Cenvat credit was admissible, and the related demand, interest and penalty were set aside. Case-Laws Central Excise Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438567