2008 (7) TMI 55 - RAJASTHAN HIGH COURT

Credit on welding electrodes – credit denied on ground that welding electrodes do not fall under any of the heads mentioned in Rule 2 of CCR – revenue plea is that goods are used for repairing/maintenance of the capital goods, are not eligible for credit - assessee pleaded that electrodes are accessories of machinery for soldering, brazing or welding so they are eligible as capital good for credit – welding electrodes are covered under the definition of capital goods – credit is entitled