https://www.taxtmi.com/caselaws?id=95462 Modvat credit under Rule 57Q was admissible on the specified capital goods received before 23-7-1996 because the then-existing definition of capital goods was broad enough to cover machinery, equipment, apparatus, tools and appliances used in manufacture. Electrical control panels, airtight door butterfly dampers and vacuum circuit breakers fell within that ambit on the facts stated. Notification No. 14/96-C.E. (N.T.) dated 23-7-1996 was not treated as retrospectively restricting the earlier scope of capital goods, so the Revenue's reliance on it to deny credit for the prior period failed. en-us Wed, 31 Jan 2001 00:00:00 +0530 Mon, 12 Dec 2011 15:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95462 Modvat credit under Rule 57Q was admissible on the specified capital goods received before 23-7-1996 because the then-existing definition of capital goods was broad enough to cover machinery, equipment, apparatus, tools and appliances used in manufacture. Electrical control panels, airtight door butterfly dampers and vacuum circuit breakers fell within that ambit on the facts stated. Notification No. 14/96-C.E. (N.T.) dated 23-7-1996 was not treated as retrospectively restricting the earlier scope of capital goods, so the Revenue's reliance on it to deny credit for the prior period failed. Case-Laws Central Excise Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95462