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<h1>Capital goods for energy savings eligible for Modvat credit per CEGAT ruling</h1> The Appellate Tribunal CEGAT, CHENNAI confirmed that capital goods used for energy savings are eligible for Modvat credit, even if not directly involved ... Modvat on capital goods The Appellate Tribunal CEGAT, CHENNAI confirmed that capital goods used for energy savings are eligible for Modvat credit, even if not directly involved in production. The decision was based on previous rulings by the Supreme Court and CEGAT. The Revenue's appeal was rejected.
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