9911796707
TMI Blog2014 (10) TMI 931X X X X Extracts X X X X X X X X Extracts X X X X ..... e motor cycle and the value thereof is included in the assessable value of the motor cycle - for motor vehicle, the tool kit and the first aid kit has to the part of the vehicle before the same can be put to use - the final product cannot be given restricted meaning so as to mean as the engine of the vehicle or the chassis but all things which are necessary to make the final product marketable - c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d inputs and hence it is not legal and proper to allow Cenvat credit of duty paid thereon. Revenue has contended that the prior to 1-3-2011 [when the definition of inputs in Rule 2(k) of Cenvat Credit Rules, 2004 was amended vide Notification No. 3/2011-C.E.], the impugned goods were not eligible to be called inputs and that the judgment of CESTAT in the case of M/s. Hero Motocorp Ltd. v. CCE, Del ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... puts shows that it is inclusive and wide as it is started with the words all goods . The goods excluded are light diesel coil and high speed diesel coil and motor spirit which are in the nature of consumables . The High Court went on to add that the final product cannot be given restricted meaning so as to mean as the engine of the vehicle or the chassis but all things which are necessary to mak ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
