https://www.taxtmi.com/caselaws?id=92814 Storage tanks used to store liquid raw materials directly connected with the manufacturing process qualify as capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, 1944. The reasoning was that such materials could not be kept in a warehouse or godown and the tank formed an integral part of the manufacturing set-up. Prior Tribunal decisions had already treated similar storage tanks as eligible, so denial of Modvat credit was not sustained and consequential relief followed. en-us Tue, 16 Nov 1999 00:00:00 +0530 Sat, 05 Nov 2011 12:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92814 Storage tanks used to store liquid raw materials directly connected with the manufacturing process qualify as capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, 1944. The reasoning was that such materials could not be kept in a warehouse or godown and the tank formed an integral part of the manufacturing set-up. Prior Tribunal decisions had already treated similar storage tanks as eligible, so denial of Modvat credit was not sustained and consequential relief followed. Case-Laws Central Excise Tue, 16 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92814