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2017 (7) TMI 1117 - HC - Central ExciseCENVAT credit - input - welding electrodes used for repairs and maintenance of plant and machinery - Held that: - This Court in Lloyd Metals & Engineers Ltd. [2009 (11) TMI 313 - BOMBAY HIGH COURT] on principle held that material used for repairs and maintenance of capital goods cannot be considered to be an input under Cenvat Credit Rules, 2004 - We cannot depart from the view taken therein and the distinctions shown by Mr. Thakur does not warrant our ignoring the binding precedent and/or refering it to the Hon’ble the Chief Justice to constitute Larger Bench - the substantial question of law is answered in affirmative i.e. in favor of respondent-Revenue and against appellant-assessee.
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