https://www.taxtmi.com/caselaws?id=90049 Machines received before the relevant notification brought the finished product within the Modvat regime were not eligible capital goods for credit under Rule 57Q at the time of receipt. Eligibility had to be determined with reference to the position prevailing when the machines entered the factory, and a later amendment enlarging the scope of capital goods could not retrospectively validate an otherwise ineligible credit claim. The credit was therefore unavailable on the relevant date, and the revenue's appeal succeeded. en-us Fri, 11 Jul 1997 00:00:00 +0530 Mon, 03 Oct 2011 11:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90049 Machines received before the relevant notification brought the finished product within the Modvat regime were not eligible capital goods for credit under Rule 57Q at the time of receipt. Eligibility had to be determined with reference to the position prevailing when the machines entered the factory, and a later amendment enlarging the scope of capital goods could not retrospectively validate an otherwise ineligible credit claim. The credit was therefore unavailable on the relevant date, and the revenue's appeal succeeded. Case-Laws Central Excise Fri, 11 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90049