https://www.taxtmi.com/caselaws?id=97778 Forklifts used within a factory for shifting materials during the manufacturing process qualify as capital goods for Modvat credit when covered by binding co-ordinate Bench precedent. Applying judicial discipline, the Tribunal followed earlier decisions that treated such intra-factory material-handling equipment as admissible for credit. The Revenue's challenge failed, and the order allowing Modvat credit on the forklift was upheld. en-us Wed, 21 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97778 Forklifts used within a factory for shifting materials during the manufacturing process qualify as capital goods for Modvat credit when covered by binding co-ordinate Bench precedent. Applying judicial discipline, the Tribunal followed earlier decisions that treated such intra-factory material-handling equipment as admissible for credit. The Revenue's challenge failed, and the order allowing Modvat credit on the forklift was upheld. Case-Laws Central Excise Wed, 21 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97778