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2017 (7) TMI 844 - AT - Central ExciseCENVAT credit - Iron Steel items used in the course of setting up of the said Sponge Iron Plants - Revenue entertained a view that these items cannot be at all categorised as inputs or capital goods in terms of CENVAT Credit Rules, 2002 and initiated proceedings against the respondent to recover the credits already availed by them - Held that: - the main thrust of the argument of the Revenue is that the iron and steel items like angles, sheets, plates etc. were mainly used in the support structure of these heavy capital fabrications and will not satisfy the criteria of parts and components or accessories of such machinery. We find that such observation has to be supported by material facts. The same is not available in the present appeal - appeal dismissed - decided against appellant.
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