Mild Steel Items used for manufacturing of Capital goods within factory premises are eligible for CENVAT Credit of Excise Duty: CESTAT [Read Order]

CENVAT Credit is allowable on mild steel items used for the manufacture of capital goods

By Shabna Rahim - On December 5, 2023 9:00 am - 2 mins read

Mild Steel Items - Capital goods - CENVAT Credit of Excise Duty - TAXSCAN

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that all the mild steel (MS) items for manufacturing of capital goods within the factory premises are eligible for CENVAT Credit. Amit Metaliks Limited, the appellant assessee are manufacturers of MS Ingots, MS Billets, and other Re-rolled MS products falling under…

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