https://www.taxtmi.com/caselaws?id=441335 The Appellate Tribunal CESTAT Kolkata ruled that Electrode Carbon Paste used in manufacturing ferro alloys qualifies as a consumable input eligible for Cenvat credit under Rule 2(k) of the Cenvat Credit Rules, 2004. The Tribunal overturned the revenue's argument that the paste should be classified as capital goods, setting aside the demand raised against the appellant for availing Cenvat credit on the paste. The appeal was allowed in favor of the appellant. en-us Wed, 02 Aug 2023 00:00:00 +0530 Mon, 07 Aug 2023 08:12:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441335 The Appellate Tribunal CESTAT Kolkata ruled that Electrode Carbon Paste used in manufacturing ferro alloys qualifies as a consumable input eligible for Cenvat credit under Rule 2(k) of the Cenvat Credit Rules, 2004. The Tribunal overturned the revenue's argument that the paste should be classified as capital goods, setting aside the demand raised against the appellant for availing Cenvat credit on the paste. The appeal was allowed in favor of the appellant. Case-Laws Central Excise Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441335