https://www.taxtmi.com/caselaws?id=90187 Modvat credit on fabricated capital goods was held admissible where the goods were manufactured for the assessee's own use, duty had been paid, and the declaration under Rule 57T(4) had been filed before the loan transaction. The earlier exclusion for loan, lease or hire purchase had been rescinded by notifications issued on 17 June 1994, so the relevant test was the date of loan rather than the date of duty payment. A fresh declaration filed within three months of the loan was treated as sufficient, and the finding that the adjudicating authority had gone beyond the show cause notice was left undisturbed. en-us Mon, 21 Sep 1998 00:00:00 +0530 Tue, 04 Oct 2011 12:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90187 Modvat credit on fabricated capital goods was held admissible where the goods were manufactured for the assessee's own use, duty had been paid, and the declaration under Rule 57T(4) had been filed before the loan transaction. The earlier exclusion for loan, lease or hire purchase had been rescinded by notifications issued on 17 June 1994, so the relevant test was the date of loan rather than the date of duty payment. A fresh declaration filed within three months of the loan was treated as sufficient, and the finding that the adjudicating authority had gone beyond the show cause notice was left undisturbed. Case-Laws Central Excise Mon, 21 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90187