https://www.taxtmi.com/caselaws?id=763655 CENVAT credit on common inputs and input services used in a captive power plant was held admissible to the extent the electricity generated was wheeled to sister concerns, because such generation remained part of the manufacturing activity on the facts presented. Proportionate credit relating to electricity supplied to the residential colony and third parties had already been reversed, leaving only supply to sister units in dispute. Applying the substituted definition of input and cited precedents, the tribunal rejected the demand for reversal, including the attempt to levy reversal at 6% of value on wheeled electricity. The assessee was entitled to the credit, and the departmental appeal failed. en-us Wed, 20 Nov 2024 00:00:00 +0530 Tue, 24 Dec 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763655 CENVAT credit on common inputs and input services used in a captive power plant was held admissible to the extent the electricity generated was wheeled to sister concerns, because such generation remained part of the manufacturing activity on the facts presented. Proportionate credit relating to electricity supplied to the residential colony and third parties had already been reversed, leaving only supply to sister units in dispute. Applying the substituted definition of input and cited precedents, the tribunal rejected the demand for reversal, including the attempt to levy reversal at 6% of value on wheeled electricity. The assessee was entitled to the credit, and the departmental appeal failed. Case-Laws Central Excise Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763655