https://www.taxtmi.com/caselaws?id=97921 The Tribunal upheld the Commissioner (Appeals)'s decision that the assessees were entitled to credit of duty on Capital goods under Rule 57Q, emphasizing that such credit was admissible regardless of the dutiability of the final product. The Tribunal disagreed with the interpretation that exempted products would render the credit inadmissible under the amended Rule 57R. It affirmed that compliance with Rule 57T procedures allowed the assessees to avail Modvat credit, dismissing Revenue appeals challenging the entitlement. The judgment confirmed the orders granting Modvat credit on Capital goods for products subject to duty. en-us Fri, 15 Jun 2001 00:00:00 +0530 Wed, 18 Jan 2012 15:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97921 The Tribunal upheld the Commissioner (Appeals)'s decision that the assessees were entitled to credit of duty on Capital goods under Rule 57Q, emphasizing that such credit was admissible regardless of the dutiability of the final product. The Tribunal disagreed with the interpretation that exempted products would render the credit inadmissible under the amended Rule 57R. It affirmed that compliance with Rule 57T procedures allowed the assessees to avail Modvat credit, dismissing Revenue appeals challenging the entitlement. The judgment confirmed the orders granting Modvat credit on Capital goods for products subject to duty. Case-Laws Central Excise Fri, 15 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97921