Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (12) TMI 271 - AT - Central ExciseCENVAT credit - capital goods - angles, channels, beams, nut-bolts, guides, etc, used to manufacture the storage racks for use in their factory - Held that: - storage racks or crate would qualify as accessories to the capital goods as defined under the clause (1A) of the definition of capital goods but angles, channels, etc. are not by themselves storage systems and therefore, they are only parts of such accessories. The definition does not cover parts of the accessories of capital goods and therefore, the appellants are not entitled to the credit on angles, channels, nuts and bolts used for manufacture of storage racks, which in turn are accessories of the capital goods. Penalty u/r 15 (1) of the CCR - Held that: - there is no ground for sufficient justification for imposition of such penalty and the same is set aside. Appeal allowed in part.
|