https://www.taxtmi.com/caselaws?id=93531 Cylindrical vertical tanks used for storing chemicals during the manufacturing process were treated as capital goods eligible for Modvat credit. The Tribunal relied on its consistent earlier view that equipment or parts of plant used in processing goods can qualify for such credit, and the Commissioner (Appeals) followed that precedent. The assessee's entitlement to Modvat credit was upheld and the Revenue's challenge failed. en-us Mon, 10 Apr 2000 00:00:00 +0530 Mon, 14 Nov 2011 11:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93531 Cylindrical vertical tanks used for storing chemicals during the manufacturing process were treated as capital goods eligible for Modvat credit. The Tribunal relied on its consistent earlier view that equipment or parts of plant used in processing goods can qualify for such credit, and the Commissioner (Appeals) followed that precedent. The assessee's entitlement to Modvat credit was upheld and the Revenue's challenge failed. Case-Laws Central Excise Mon, 10 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93531