https://www.taxtmi.com/caselaws?id=761729 CESTAT Ahmedabad dismissed Revenue's appeal regarding ship breaking company's eligibility for cenvat credit on CVD paid for fuel oil, high speed oil, and lubrication oil in imported ship's engine room bunker. The tribunal held that fuel oil forms part of the ship and qualifies as input service under Rule 2(a) of CCR, 2004 for manufacturing excisable products. Following precedent in Priya Holding case and Navyug Ship Breaking Co., the tribunal ruled fuel oil cannot be treated differently from the entire ship, making cenvat credit allowable per circular 1014/2/2016-CX dated 1-2-2016. en-us Tue, 12 Nov 2024 00:00:00 +0530 Fri, 15 Nov 2024 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761729 CESTAT Ahmedabad dismissed Revenue's appeal regarding ship breaking company's eligibility for cenvat credit on CVD paid for fuel oil, high speed oil, and lubrication oil in imported ship's engine room bunker. The tribunal held that fuel oil forms part of the ship and qualifies as input service under Rule 2(a) of CCR, 2004 for manufacturing excisable products. Following precedent in Priya Holding case and Navyug Ship Breaking Co., the tribunal ruled fuel oil cannot be treated differently from the entire ship, making cenvat credit allowable per circular 1014/2/2016-CX dated 1-2-2016. Case-Laws Central Excise Tue, 12 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761729