Querist : Anonymous
Kindly let me know the treatment of Grinding Wheel as per Central Excise Rules.
The grinding wheels are used for grinding iron casting during finishing process of the final product. Although the product is of CONSUMABLE nature it is learnt that as per excise rules it is categorised as CAPITAL GOODS. How can the cenvat be availed in such cases?
Kindly provide the relevant sections & rules and related case law if any.