CESTAT Orders Re-adjudication in ONGC Case Regarding Cenvat Credit Admissibility

Oil and Natural Gas Corporation Limited Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) Introduction: The Central Excise and Service Tax Appellate Tribunal (CESTAT) Ahmedabad in a recent case involving Oil and Natural Gas Corporation Limited (ONGC) has directed for re-adjudication to determine the admissibility of Cenvat credit. The credit was related to specific steel items used in various plants between April 2015 and June 2017. Analysis: ONGC contended that the items – Angle, Channel, Beam, TMT Bars, HR Steel Coil, HR Steel, MS Plates, and cement – used as supporti...