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2018 (11) TMI 723 - AT - Central ExciseCENVAT Credit - capital goods - Pallet Racking System - Held that:- In the case of M/s. Ashok Leyland John Deere Construction Equipment Co. Pvt. Ltd. [2018 (2) TMI 458 - CESTAT CHENNAI], the Revenue had denied the credit on the storage racks holding that they are neither capital goods nor inputs and after considering various decisions, this Bench had allowed the appeals with consequential reliefs - The Revenue has not been able to furnish any contrary decision nor was it able to deny the fact that the racks involved were used for storing raw materials and finished goods in the store room and that Pallet Storage Racks were essential items for safekeeping of the raw materials or the finished products. Credit allowed - appeal allowed - decided in favor of appellant.
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