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2023 (8) TMI 314 - CESTAT KOLKATAReversal of CENVAT Credit - input or not - Electrode Carbon Paste - Electrode Carbon Paste is used inside the furnace - contention is that the same is in the nature of consumable and gets consumed during the course of the manufacturing process - HELD THAT:- In appellant’s own case M/S SOVA ISPAT ALLOYS (MEGA PROJECTS) LTD. VERSUS COMMISSIONER OF CGST & EXCISE, BOLPUR [2023 (4) TMI 1130 - CESTAT KOLKATA], this Tribunal has observed that electrode carbon paste used and consumed in the process of manufacture of ferro alloys is an input eligible for cenvat credit under Rule 2 (k) of the Cenvat Credit Rules, 2004. As the issue has already been settled in favour of the appellant in their own case for the subsequent period, therefore, the appellant has correctly taken Cenvat credit on Electrode Carbon Paste, which gets consumed during the course of manufacturing process. The impugned order is set aside - appeal allowed.
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