TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appellate Tribunal rules Modvat credit for Rotating Machine as capital goods, citing Rule 57Q.</h1> The Appellate Tribunal CEGAT rejected the Revenue's appeal on Modvat credit for Rotating Machine as capital goods, following precedent allowing Modvat ... Modvat/Cenvat - Modvat on capital goods The Appellate Tribunal CEGAT, New Delhi, in the case of Modvat credit, rejected the Revenue's appeal regarding the allowance of Modvat credit on Rotating Machine as capital goods. The decision was based on the precedent set by the Tribunal's Larger Bench and approved by the Supreme Court, stating that electrical goods used for supplying electricity to manufacturing plant and machinery are eligible for Modvat credit under Rule 57Q. Hence, the appeal was rejected as the Rotating Machine was used for this purpose.
TaxTMI 
TaxTMI 
