https://www.taxtmi.com/caselaws?id=88557 Modvat credit under Rule 57Q was admissible where capital goods were received before 16-3-1995 but credit was taken only on 31-3-1995, because the restriction did not bar availment on the date of credit. Credit was also allowed for Pressure Switches, Ultra Sonic Cleaner, PTFE Line Tube, Rubber Hoses, Static Converter and Electric Cable in light of earlier decisions treating such items as eligible. SS Stool/SS Top and SS Cover were denied credit as general utility items not qualifying as capital goods. The disallowance was modified accordingly, with credit sustained only for the eligible items and consequential relief granted. en-us Wed, 04 Mar 1998 00:00:00 +0530 Mon, 19 Sep 2011 16:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88557 Modvat credit under Rule 57Q was admissible where capital goods were received before 16-3-1995 but credit was taken only on 31-3-1995, because the restriction did not bar availment on the date of credit. Credit was also allowed for Pressure Switches, Ultra Sonic Cleaner, PTFE Line Tube, Rubber Hoses, Static Converter and Electric Cable in light of earlier decisions treating such items as eligible. SS Stool/SS Top and SS Cover were denied credit as general utility items not qualifying as capital goods. The disallowance was modified accordingly, with credit sustained only for the eligible items and consequential relief granted. Case-Laws Central Excise Wed, 04 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88557