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2019 (1) TMI 1029 - AT - Central ExciseCENVAT Credit - capital goods or inputs - Chemical Compounds, Paints and Thinner, Fan Ring, Fan Guard, Coloured Steel, Collecting Electrode, Fabricated Structure, Beams, Steel Wire Rope, Chain part thereof, Painted Grating, Aluminium Coil, Rolled Aluminium, Metal Bellows, Tool Bit and Rotating Arrangement Geared Unit - Held that:- It is brought out by the decision of the Larger Bench in Commissioner of Cus. & C.Ex., Meerut-I Vs. Modi Rubber Ltd. [2000 (5) TMI 64 - CEGAT, NEW DELHI] that if the Credit is not eligible as capital goods and if the same qualifies as inputs, the Credit ought to be allowed. The impugned items in the present appeal are Chemical Compounds, Paints and Thinner, Fan Ring, Fan Guard, Coloured Steel, Collecting Electrode, Fabricated Structure, Beams, Steel Wire Rope, Chain part thereof, Painted Grating, Aluminium Coil, Rolled Aluminium, Metal Bellows, Tool Bit and Rotating Arrangement Geared Unit. These items fall within the definition of “inputs” - credit allowed - appeal allowed - decided in favor of appellant.
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