https://www.taxtmi.com/caselaws?id=98596 Rule 57T(1) declaration is mandatory for availing Modvat credit on capital goods, and filing only the Rule 57T(2) intimation does not cure that omission because the two provisions serve different statutory purposes. On that basis, credit was held inadmissible where the declaration was not filed. By contrast, flood lights, a chimney and ceramic fibres were treated as capital goods under Rule 57Q on factual findings that they were functionally integrated with the furnace and packing process, and the relevant authorities supported that classification. The article thus contrasts strict compliance for procedural credit conditions with a functional approach to capital goods eligibility. en-us Mon, 30 Jul 2001 00:00:00 +0530 Sat, 21 Jan 2012 12:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98596 Rule 57T(1) declaration is mandatory for availing Modvat credit on capital goods, and filing only the Rule 57T(2) intimation does not cure that omission because the two provisions serve different statutory purposes. On that basis, credit was held inadmissible where the declaration was not filed. By contrast, flood lights, a chimney and ceramic fibres were treated as capital goods under Rule 57Q on factual findings that they were functionally integrated with the furnace and packing process, and the relevant authorities supported that classification. The article thus contrasts strict compliance for procedural credit conditions with a functional approach to capital goods eligibility. Case-Laws Central Excise Mon, 30 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98596