Relief To Maruti Suzuki: CESTAT Clarifies CENVAT Credit on Accessories Can Be Availed If Included In Assessable Value of Final Products

The CESTAT provided relief to Maruti Suzuki, clarifying that CENVAT credit on accessories can be claimed if included in the assessable value of the final products. The case involved the company’s claim for CENVAT credit on vehicle accessories, which was initially denied. The Tribunal ruled in favor of Maruti Suzuki, stating that the credit could be availed as long as the accessories were included in the price of the final product. This decision provides clarity on the eligibility of input credits for manufacturers, especially when dealing with ancillary products like accessories that are part of the overall product.