https://www.taxtmi.com/caselaws?id=98495 Modvat credit on Insertion Tool, Speed Wrap Tool and Coilite bit was upheld as inputs because the allowance below was not shown to rest on an incorrect legal basis. Credit on Tool for MTU was not sustained as capital goods, since an item claimed under the inputs provision could not later be allowed under the capital goods provision. Credit claims for Computer 486 Dx2, Pentium based computer system, battery unit, AMP Crimpring Head, Microflat CI and surface plate were remanded for fresh examination under the functional capital goods test, including use in manufacture, processing, or bringing about change in substance. en-us Fri, 23 Mar 2001 00:00:00 +0530 Fri, 20 Jan 2012 17:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98495 Modvat credit on Insertion Tool, Speed Wrap Tool and Coilite bit was upheld as inputs because the allowance below was not shown to rest on an incorrect legal basis. Credit on Tool for MTU was not sustained as capital goods, since an item claimed under the inputs provision could not later be allowed under the capital goods provision. Credit claims for Computer 486 Dx2, Pentium based computer system, battery unit, AMP Crimpring Head, Microflat CI and surface plate were remanded for fresh examination under the functional capital goods test, including use in manufacture, processing, or bringing about change in substance. Case-Laws Central Excise Fri, 23 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98495