https://www.taxtmi.com/caselaws?id=755158 Cenvat credit on spare parts of capital goods valued up to Rs. 10,000 per piece may be claimed as capital goods where the amended input definition does not exclude them from that category. If the same goods can fall under both inputs and capital goods, the assessee may adopt the more beneficial classification, and the specific-versus-general rule does not automatically defeat a concession claim in this context. On that basis, the credit remains admissible and does not breach the exemption condition. Once such credit is accepted, the transitional GST mechanism can operate to grant consequential cash refund of eligible Cenvat credit. en-us Wed, 03 Jul 2024 00:00:00 +0530 Sun, 07 Jul 2024 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755158 Cenvat credit on spare parts of capital goods valued up to Rs. 10,000 per piece may be claimed as capital goods where the amended input definition does not exclude them from that category. If the same goods can fall under both inputs and capital goods, the assessee may adopt the more beneficial classification, and the specific-versus-general rule does not automatically defeat a concession claim in this context. On that basis, the credit remains admissible and does not breach the exemption condition. Once such credit is accepted, the transitional GST mechanism can operate to grant consequential cash refund of eligible Cenvat credit. Case-Laws Central Excise Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755158