Hello,
Can any one tell me whether cenvat credit is allowed on electode used for welding of machinary in sugar industy. I also want details of verdict if any in support above.
2 Replies
vardan sharma
(Company secretary)
(160 Points)
Replied 12 January 2009
| 4 | HINDUSTAN ZINC LTD. Versus UNION OF INDIA |
| 2008 TMI - 30617 HIGH COURT RAJASTHAN | |
|
Central Excise - Credit on welding electrodes – credit denied on ground that welding electrodes do not fall under any of the heads mentioned in Rule 2 of CCR – revenue plea is that goods are used for repairing/maintenance of the capital goods, are not eligible for credit - assessee pleaded that electrodes are accessories of machinery for soldering, brazing or welding so they are eligible as capital good for credit – welding electrodes are covered under the definition of capital goods – credit is entitled
|
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