https://www.taxtmi.com/caselaws?id=451130 CESTAT Kolkata held that electrodes used in aluminum manufacturing qualify as inputs rather than capital goods for CENVAT credit purposes. The appellant was entitled to full credit instead of the restricted 50% available for capital goods under CENVAT Credit Rules, 2004. The Tribunal relied on Circular B22/51/86-TRU and precedent from Chemfab Alkalies Ltd case, noting that carbon electrodes essential for aluminum production satisfy input criteria as they are consumed in the manufacturing process. The impugned orders were set aside and appeals allowed. en-us Wed, 06 Mar 2024 00:00:00 +0530 Thu, 21 Mar 2024 06:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451130 CESTAT Kolkata held that electrodes used in aluminum manufacturing qualify as inputs rather than capital goods for CENVAT credit purposes. The appellant was entitled to full credit instead of the restricted 50% available for capital goods under CENVAT Credit Rules, 2004. The Tribunal relied on Circular B22/51/86-TRU and precedent from Chemfab Alkalies Ltd case, noting that carbon electrodes essential for aluminum production satisfy input criteria as they are consumed in the manufacturing process. The impugned orders were set aside and appeals allowed. Case-Laws Central Excise Wed, 06 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451130