https://www.taxtmi.com/caselaws?id=439323 Storage tanks used in the manufacturing process qualify as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004, and goods used to fabricate such tanks are eligible as inputs under Rule 2(k) when the tanks are further used in the factory. The fact that the tanks are immovable does not take them outside the capital goods definition. On that basis, iron and steel items used in fabricating the storage tanks are treated as goods used in relation to manufacture, making cenvat credit admissible and the disallowance unsustainable. en-us Fri, 16 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 09:05:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439323 Storage tanks used in the manufacturing process qualify as capital goods under Rule 2(a) of the Cenvat Credit Rules, 2004, and goods used to fabricate such tanks are eligible as inputs under Rule 2(k) when the tanks are further used in the factory. The fact that the tanks are immovable does not take them outside the capital goods definition. On that basis, iron and steel items used in fabricating the storage tanks are treated as goods used in relation to manufacture, making cenvat credit admissible and the disallowance unsustainable. Case-Laws Central Excise Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439323