https://www.taxtmi.com/caselaws?id=88289 Modvat credit for a 50 KVA generator set depended on whether the set was received and installed after 23-7-1996, when such capital goods became eligible. The record showed receipt in the factory on 29-6-1996, supported by the assessee's own statement before revenue authorities and the handling bill. On that factual basis, the claim of post-23-7-1996 installation was rejected, and the set was treated as ineligible for Modvat credit as capital goods for the relevant period. The denial of credit, along with penalty and interest, was upheld against the assessee. en-us Wed, 31 Dec 1997 00:00:00 +0530 Fri, 16 Sep 2011 16:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88289 Modvat credit for a 50 KVA generator set depended on whether the set was received and installed after 23-7-1996, when such capital goods became eligible. The record showed receipt in the factory on 29-6-1996, supported by the assessee's own statement before revenue authorities and the handling bill. On that factual basis, the claim of post-23-7-1996 installation was rejected, and the set was treated as ineligible for Modvat credit as capital goods for the relevant period. The denial of credit, along with penalty and interest, was upheld against the assessee. Case-Laws Central Excise Wed, 31 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88289