https://www.taxtmi.com/caselaws?id=94706 Modvat credit under Rule 57Q of the Central Excise Rules, 1944 was examined on items claimed as capital goods used in the manufacturing process of an integrated steel plant. Credit was allowed because the authorities found, on a functional analysis of each item, that they fell within the definition of capital goods; the appellate authority affirmed that view. In further challenge, the Revenue did not identify any basic defect in those findings or displace the reliance on decided cases. On that basis, the items were treated as eligible capital goods and Modvat credit was held admissible, with the Revenue appeal rejected. en-us Thu, 16 Mar 2000 00:00:00 +0530 Sat, 03 Dec 2011 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94706 Modvat credit under Rule 57Q of the Central Excise Rules, 1944 was examined on items claimed as capital goods used in the manufacturing process of an integrated steel plant. Credit was allowed because the authorities found, on a functional analysis of each item, that they fell within the definition of capital goods; the appellate authority affirmed that view. In further challenge, the Revenue did not identify any basic defect in those findings or displace the reliance on decided cases. On that basis, the items were treated as eligible capital goods and Modvat credit was held admissible, with the Revenue appeal rejected. Case-Laws Central Excise Thu, 16 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94706