https://www.taxtmi.com/caselaws?id=94254 Modvat credit under Rule 57Q depends on the item's functional role in manufacturing. H.R. plates, being structural or construction material, do not qualify as capital goods and are ineligible for credit. M.S. Rounds used as tools to check molten-metal liquefaction before tapping qualify for credit where that manufacturing use is established and unrebutted, notwithstanding their ordinary general-use character. The penalty was treated as excessive and reduced. The appeal therefore partly succeeded: credit was denied for H.R. plates, allowed for M.S. Rounds, and the penalty was reduced. en-us Mon, 25 Oct 1999 00:00:00 +0530 Mon, 21 Nov 2011 11:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94254 Modvat credit under Rule 57Q depends on the item's functional role in manufacturing. H.R. plates, being structural or construction material, do not qualify as capital goods and are ineligible for credit. M.S. Rounds used as tools to check molten-metal liquefaction before tapping qualify for credit where that manufacturing use is established and unrebutted, notwithstanding their ordinary general-use character. The penalty was treated as excessive and reduced. The appeal therefore partly succeeded: credit was denied for H.R. plates, allowed for M.S. Rounds, and the penalty was reduced. Case-Laws Central Excise Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94254