https://www.taxtmi.com/caselaws?id=93094 Cerwool ceramics fibre blankets used as furnace lining were treated as capital goods because they functioned as integral parts or accessories of the furnace, making Modvat credit admissible under the relevant rule. A short delay of one or two days in filing the prescribed intimation, made before credit was utilised, was treated as a minor procedural lapse that could be condoned and did not defeat the substantive entitlement to credit. Once credit was held admissible, the penalty for alleged wrongful availment also could not stand, and the lower orders were set aside. en-us Fri, 24 Dec 1999 00:00:00 +0530 Tue, 08 Nov 2011 13:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93094 Cerwool ceramics fibre blankets used as furnace lining were treated as capital goods because they functioned as integral parts or accessories of the furnace, making Modvat credit admissible under the relevant rule. A short delay of one or two days in filing the prescribed intimation, made before credit was utilised, was treated as a minor procedural lapse that could be condoned and did not defeat the substantive entitlement to credit. Once credit was held admissible, the penalty for alleged wrongful availment also could not stand, and the lower orders were set aside. Case-Laws Central Excise Fri, 24 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93094