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2021 (6) TMI 977 - AT - Central ExciseCENVAT Credit - input services - banking and finance service - Pelletizing Plant - allowable or not in terms of Rule 3 read with Rule 2 (l) read with Rule 9(6) of CCR - HELD THAT:- The setting-up of Pelletizing machine/plant is undisputedly for modernisation of the existing manufacturing facility for better efficiency and better quality of finished products, which amounts to modernisation. Further, hold modernisation is allowable, and any service used by appellant/manufacturer for modernisation of their manufacturing facility, is allowable input service. The input credit of ₹ 25,14,532/- is allowable credit under Rule 2(l) read with Rule 3 read with Rule 9 of CCR, 2004 - Appeal allowed - decided in favor of appellant.
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