2017 (6) TMI 758

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....India Ltd. is in appeal against the Order-in-Original No.54/2011 dated 22.11.2011 whereunder the appellant assessee has been denied benefit of Cenvat credit on welding electrodes and wash oil used within the factory. 2. Both sides represented by ld. Counsels, Shri Shashwat and Shri K. Poddar have been heard. 3. After having carefully considered the facts of the case and submissions of both the s....

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....llowed. In this regard, the said decision observes as under : "2. Contesting the above finding of the original authority the learned counsel for the appellant submitted that the welding electrodes are rightly eligible for credit as inputs in terms of Rule 2(k) of Cenvat Credit Rules, 2004. The "input" as defined now covers goods used in the factory by the manufacturer of the final product. The e....

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....h)." 3.1 In the case of input wash oil, the ld. DR for the Revenue pleads that wash oil is used in the Coal Chemical Division which is not subject to levy of duty therefore Cenvat credit is not admissible on wash oil. However, from the facts, it is clear that final products of the manufacturing process of the appellant are iron and steel products and articles thereof falling under Chapters 72 an....

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....les, 2004 means "all goods, except light diesel oil, high speed diesel oil and motor spirit, commonly known as petrol, used in or in relation to the manufacture of final products whether directly or indirectly and whether contained in the final product or not and includes lubricating oils, greases, cutting oils, coolants, accessories of the final products cleared along with the final product, good....