2005 (12) TMI 125

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....n Cenvat credit on 'lubricating oils' and 'greases' (treating these items as inputs), which were used as lubricants for machinery in their factory during the period Jan. - Nov. '01. Both the lower authorities disallowed this credit to the assessee on the ground that the machinery in which the lubricants were used for the manufacture of exempted goods also. Hence these appeals. 2. After hearing ....

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....s." It appears from the above definition that, for the period during which Rule 57 AA was in force, inputs on which Cenvat credit was admissible included lubricating oils and greases without any qualification or condition. Rule 57AB, in its form placed before me, allowed Cenvat credit to the manufacturer of final product in respect of inputs or capital goods received in his factory on or after ....