https://www.taxtmi.com/caselaws?id=88133 In an already running factory, Modvat credit on eligible capital goods under Rule 57Q could be taken and utilised from the date the goods were received for expansion or modernisation. Utilisation did not have to wait until the new furnace or plant was actually put to use, as the operative timing depended on receipt of the capital goods in a functioning unit. The commentary follows earlier Tribunal rulings and the Board's clarification supporting immediate availment in such circumstances. en-us Mon, 12 Jan 1998 00:00:00 +0530 Thu, 15 Sep 2011 12:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88133 In an already running factory, Modvat credit on eligible capital goods under Rule 57Q could be taken and utilised from the date the goods were received for expansion or modernisation. Utilisation did not have to wait until the new furnace or plant was actually put to use, as the operative timing depended on receipt of the capital goods in a functioning unit. The commentary follows earlier Tribunal rulings and the Board's clarification supporting immediate availment in such circumstances. Case-Laws Central Excise Mon, 12 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88133