https://www.taxtmi.com/caselaws?id=35126 Cenvat credit was held admissible on MS plates, MS angles, MS channels, MS beams and welding electrodes used to fabricate storage tanks within the factory. Explanation 2 to Rule 2(k) permits credit on goods used in the manufacture of capital goods that are further used in the factory, and that test was satisfied here because the tanks supported the manufacturing activity. Credit could not be denied merely because the fabricated tanks were described as immovable property or argued to be non-excisable. The denial of Cenvat credit was therefore unsustainable. en-us Tue, 20 Jan 2009 00:00:00 +0530 Thu, 07 Jan 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35126 Cenvat credit was held admissible on MS plates, MS angles, MS channels, MS beams and welding electrodes used to fabricate storage tanks within the factory. Explanation 2 to Rule 2(k) permits credit on goods used in the manufacture of capital goods that are further used in the factory, and that test was satisfied here because the tanks supported the manufacturing activity. Credit could not be denied merely because the fabricated tanks were described as immovable property or argued to be non-excisable. The denial of Cenvat credit was therefore unsustainable. Case-Laws Central Excise Tue, 20 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35126