https://www.taxtmi.com/caselaws?id=95812 Modvat credit under Rule 57Q was considered admissible for roundness measuring equipment and a fork lift truck as capital goods where the equipment was used in relation to manufacture and the fork lift truck was used for handling goods and equipment within the factory. The Tribunal applied the functional use test in manufacture and relied on prior decisions treating such items as eligible capital goods. On that basis, it found no reason to disturb the concurrent findings of the lower authorities, and the credit on both items remained admissible. en-us Fri, 09 Mar 2001 00:00:00 +0530 Thu, 15 Dec 2011 11:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95812 Modvat credit under Rule 57Q was considered admissible for roundness measuring equipment and a fork lift truck as capital goods where the equipment was used in relation to manufacture and the fork lift truck was used for handling goods and equipment within the factory. The Tribunal applied the functional use test in manufacture and relied on prior decisions treating such items as eligible capital goods. On that basis, it found no reason to disturb the concurrent findings of the lower authorities, and the credit on both items remained admissible. Case-Laws Central Excise Fri, 09 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95812