2007 (2) TMI 401

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..... ent. [Order per : P.G. Chacko, Member (J)]. The lower appellate authority has denied Cenvat credit of Rs. 89,749/- and demanded Education Cess of Rs. 1,795/-, totalling to Rs. 91,544/-. The demand is for the period 10-9-2004 - 30-6-2005. After examining the records and hearing both sides, we note that the appellants had taken Cenvat credit on aluminum ingots used in the manufacture of ji .....

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..... le 2(k) of the Cenvat Credit Rules, 2004, which provision is claimed to be equivalent to Rule 57D ibid. After a perusal of the two provisions, we have not found any parity between the two. While Rule 57D is a substantive provision, Rule 2(k) simply defines input for the purpose of Cenvat credit. To our query as to whether jig wires and rods (capital goods) are liable to be treated as intermedia .....

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