https://www.taxtmi.com/caselaws?id=447994 CENVAT credit on steel plates used for repair, maintenance and replacement of plant and machinery could not be denied merely because they supported operational upkeep, as the restrictive view taken below was based on an incorrect reading of the credit rules. The dispute concerned the plates as parts used in the factory to keep machinery working, not as capital goods in themselves. The alternative claim that the goods qualified as inputs under rule 2(k) of the CENVAT Credit Rules, 2004 had not been examined on merits and required reconsideration. The matter was therefore remitted for fresh consideration of that claim. en-us Tue, 09 Jan 2024 00:00:00 +0530 Fri, 09 Aug 2024 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447994 CENVAT credit on steel plates used for repair, maintenance and replacement of plant and machinery could not be denied merely because they supported operational upkeep, as the restrictive view taken below was based on an incorrect reading of the credit rules. The dispute concerned the plates as parts used in the factory to keep machinery working, not as capital goods in themselves. The alternative claim that the goods qualified as inputs under rule 2(k) of the CENVAT Credit Rules, 2004 had not been examined on merits and required reconsideration. The matter was therefore remitted for fresh consideration of that claim. Case-Laws Central Excise Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447994