VATupdate

India CENVAT/MODVAT: In CCE v Aarti Industries Ltd (2014 (307) ELT 553), the Ahmedabad Tribunal held that CENVAT credit was admissible on hydrogen gas cylinder, as capital goods, being used within the factory for manufacture of final product, notwithstanding the fact that such cylinder may temporarily move out of the factory for gas refilling

http://www.pwc.com/en_US/us/tax-services/publications/insights/assets/pwc-pwcs-india-indirect-tax-newsletter-october-2014-issue.pdf

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