https://www.taxtmi.com/caselaws?id=89152 Modvat credit under the capital goods scheme was examined for Steam Jointing Sheets and a misposted entry for Hydrogen Peroxide. Steam Jointing Sheets were treated as washers used with accepted capital goods such as pipes, and the credit was held admissible because ancillary fittings used with eligible capital goods should not be denied merely on that basis. A wrongly entered credit for Hydrogen Peroxide in the capital goods register was treated as an inadvertent misclassification, and transfer to the proper register was allowed where substantive entitlement under the credit scheme was otherwise established. The commentary reflects a liberal approach to genuine mistakes in credit records. en-us Thu, 06 Aug 1998 00:00:00 +0530 Fri, 23 Sep 2011 17:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89152 Modvat credit under the capital goods scheme was examined for Steam Jointing Sheets and a misposted entry for Hydrogen Peroxide. Steam Jointing Sheets were treated as washers used with accepted capital goods such as pipes, and the credit was held admissible because ancillary fittings used with eligible capital goods should not be denied merely on that basis. A wrongly entered credit for Hydrogen Peroxide in the capital goods register was treated as an inadvertent misclassification, and transfer to the proper register was allowed where substantive entitlement under the credit scheme was otherwise established. The commentary reflects a liberal approach to genuine mistakes in credit records. Case-Laws Central Excise Thu, 06 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89152