2017 (3) TMI 1079

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2010 to 8/2015 proposing to disallow the credit availed on MS angles, MS bars, MS sheets, tubes, welding rods etc. to the tune of Rs. 52,99,500/- under the category of inputs. After adjudication, the Commissioner disallowed the credit to the tune of Rs. 26,17,748/- and confirmed the said demand alongwith interest and imposed penalty of Rs. 15,60,880/-. Hence this appeal. 3. On behalf of the appellant, Ld. Counsel, Shri M. Rajendran appeared and argued. The appellant is engaged in the manufacture of bulk drugs. MS items were used for fabrication of solvent storage tanks. The appellant had furnished Chartered Engineer s certificate to establish the fact that they had fabricated 25 solvent tanks of mild steel and 38 solvent tanks of stainle....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for final products; or (iii) all goods used for generation of electricity or steam for captive use or (iv) all goods used for providing any output service; but excludes- (A) light diesel oil, high speed diesel oil or motor spirit, commonly known as petrol (B) Any goods used for- (a) Construction or execution of works contract of a building or a civil structure or a part thereof; or (b) Laying of foundation or making of structures for support of capital goods, Except for the provisions of service portion in the execution of works contract or construction service as listed under clause (b) of section 66E of the Act; (C) Capital goods except when used as parts or component....