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<h1>Manufacturers win appeal for Modvat credit on conveyor parts as eligible capital goods under Rule 57Q.</h1> The appellate tribunal allowed the manufacturers' appeal regarding Modvat credit on conveyor parts, considering them eligible capital goods under Rule ... Modvat/Cenvat - Modvat on capital goods The appellate tribunal allowed the appeal of the manufacturers of aerated water regarding Modvat credit on conveyor parts, as the parts were considered eligible capital goods under Rule 57Q. The lower authorities' decision disallowing the credit was set aside.
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