The appellant initially claimed credit under "capital goods," later realising that the ISO Tank should be considered as an "input."
In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) in Ahmedabad has held that an ISO Tank used for transporting Di-Methyl Sulphate ( DMS ) is eligible for CENVAT credit, even when initially claimed as capital goods, provided the ISO Tank qualifies as an input. The two-member bench of…
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