TMI BlogCENVAT Credit Allowed: Storage Tanks Not Exclusively for Exempted Goods in Denaturing Process of Extra Natural Alcohol.CENVAT Credit - capital goods - Since denaturing process takes place, while Extra Natural Alcohol were stored in the storage tank, it cannot be concluded that those storage tanks were used exclusively for manufacture of the exempted/non-excisable goods. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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