https://www.taxtmi.com/caselaws?id=441140 The Tribunal allowed the appeal of M/s Hero Moto Corp I Ltd., holding that the Helmet lock supplied with Motorcycles qualifies as an "input" under the Central Excise Tariff Act. The Tribunal emphasized that the Helmet is a statutory requirement and an essential accessory for motorcycles, making it eligible for CENVAT credit. The decision was supported by the classification of Helmet locks in CBEC Circular and previous acceptance of similar credits by the Revenue. Consequently, the demand for CENVAT credit was set aside, and the appeal was allowed with any necessary relief. en-us Tue, 01 Aug 2023 00:00:00 +0530 Thu, 03 Aug 2023 07:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441140 The Tribunal allowed the appeal of M/s Hero Moto Corp I Ltd., holding that the Helmet lock supplied with Motorcycles qualifies as an "input" under the Central Excise Tariff Act. The Tribunal emphasized that the Helmet is a statutory requirement and an essential accessory for motorcycles, making it eligible for CENVAT credit. The decision was supported by the classification of Helmet locks in CBEC Circular and previous acceptance of similar credits by the Revenue. Consequently, the demand for CENVAT credit was set aside, and the appeal was allowed with any necessary relief. Case-Laws Central Excise Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441140