https://www.taxtmi.com/caselaws?id=54379 The Tribunal allowed the appeal, overturning the lower authority's decision to deny capital goods credit for a "Coal Briquette Plant" used in converting Iron Ore fines into briquettes. It emphasized that the broader interpretation of 'used' under the Cenvat Credit Rules includes potential future use, thus entitling the appellants to credit despite the non-excisable nature of the final products. The Tribunal's decision underscored that the right to credit must align with statutory provisions, allowing credit for machinery used in manufacturing processes within the factory, even if the immediate output is not subject to excise duty. en-us Mon, 04 Jul 2005 00:00:00 +0530 Mon, 29 Apr 2024 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54379 The Tribunal allowed the appeal, overturning the lower authority's decision to deny capital goods credit for a "Coal Briquette Plant" used in converting Iron Ore fines into briquettes. It emphasized that the broader interpretation of 'used' under the Cenvat Credit Rules includes potential future use, thus entitling the appellants to credit despite the non-excisable nature of the final products. The Tribunal's decision underscored that the right to credit must align with statutory provisions, allowing credit for machinery used in manufacturing processes within the factory, even if the immediate output is not subject to excise duty. Case-Laws Central Excise Mon, 04 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54379