https://www.taxtmi.com/caselaws?id=94254 Modvat credit under Rule 57Q was denied for H.R. plates because they were treated as structural or construction material and not capital goods. Credit was allowed for M.S. rounds used as tools in the manufacture of M.S. ingots, since their actual use in checking molten metal before tapping brought them within the rule on the facts accepted by the authority. The penalty was also reduced as excessive, from Rs. 2,000 to Rs. 1,000. The note states the principle that general-use material may qualify where proved to function as a manufacturing tool, but structural material does not. 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 was denied for H.R. plates because they were treated as structural or construction material and not capital goods. Credit was allowed for M.S. rounds used as tools in the manufacture of M.S. ingots, since their actual use in checking molten metal before tapping brought them within the rule on the facts accepted by the authority. The penalty was also reduced as excessive, from Rs. 2,000 to Rs. 1,000. The note states the principle that general-use material may qualify where proved to function as a manufacturing tool, but structural material does not. Case-Laws Central Excise Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94254