CESTAT allows CENVAT Credit on materials used in capital goods

Rexon Strips Ltd. Vs Commissioner of CGST & Central Excise (CESTAT Kolkata)

In the case of Rexon Strips Ltd. vs. Commissioner of CGST & Central Excise, the CESTAT Kolkata ruled on the eligibility of CENVAT Credit for inputs used in capital goods. The appellant, engaged in manufacturing sponge iron, had claimed CENVAT Credit of ₹7.49 crore on materials like MS angles, channels, joists, and plates used for fabricating capital goods such as conveyor systems, furnaces, and storage hoppers. The Adjudic

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