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2016 (8) TMI 492 - AT - Central ExciseCenvat credit - A.C. corrugated sheets, HR SS sheet - violation of the provisions of Rule 2 and 3 of CCR's - Held that:- it is found that HR SS plates have been used in the fabrication of storage tank of Ethyl Acetate. Further storage tank is a specified capital goods under Rule 2(a)(A)(vii) and as such the same is eligible for Cenvat credit. So far as AC corrugated sheet is concerned it is found that the same have been used in the boiler, without the use of which there can be no generation of steam in the boiler which is essential for manufacture of excisable products. Accordingly, the Cenvat credit is allowable on the A.C. Corrugated Sheets also. Penalty levied is also set aside. - Decided in favour of assessee
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