https://www.taxtmi.com/caselaws?id=94970 Modvat credit was treated as admissible on items accepted by precedent as cooling material, material handling equipment, insulation material, pollution control equipment and similar inputs, including Therminol Oil, Transformer Oil, Clean Flow, Carbon Tetra Chloride, rope slings, asbestos cloth, super ceramic blanket, dust collection bags, and M.S. angles and channels. Credit was denied on a high vacuum cryogenic aluminium container because it was only a storage receptacle, and on the quantity of furnace oil and LDO short received because credit cannot be taken on goods not actually received. Non-disclosure of the short receipt justified penalty under Section 11AC and Rule 173Q, but the penalty was reduced as excessive. en-us Fri, 13 Oct 2000 00:00:00 +0530 Tue, 06 Dec 2011 11:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94970 Modvat credit was treated as admissible on items accepted by precedent as cooling material, material handling equipment, insulation material, pollution control equipment and similar inputs, including Therminol Oil, Transformer Oil, Clean Flow, Carbon Tetra Chloride, rope slings, asbestos cloth, super ceramic blanket, dust collection bags, and M.S. angles and channels. Credit was denied on a high vacuum cryogenic aluminium container because it was only a storage receptacle, and on the quantity of furnace oil and LDO short received because credit cannot be taken on goods not actually received. Non-disclosure of the short receipt justified penalty under Section 11AC and Rule 173Q, but the penalty was reduced as excessive. Case-Laws Central Excise Fri, 13 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94970