https://www.taxtmi.com/caselaws?id=98656 Modvat credit under Rule 57Q depended on the date the capital goods were received in the factory and whether they fell within the tariff coverage then in force; goods received when heading 84.24 items were excluded did not qualify, so credit was denied for the locally acquired machines. By contrast, imported machinery in CKD condition could still be treated as inputs under Rule 57A even if assessed as a complete machine for customs purposes, because customs classification alone did not defeat the substantive entitlement where the alternate claim had been declared. The claim therefore failed for one category of goods and succeeded for the imported CKD machinery. en-us Mon, 03 Sep 2001 00:00:00 +0530 Sat, 21 Jan 2012 14:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98656 Modvat credit under Rule 57Q depended on the date the capital goods were received in the factory and whether they fell within the tariff coverage then in force; goods received when heading 84.24 items were excluded did not qualify, so credit was denied for the locally acquired machines. By contrast, imported machinery in CKD condition could still be treated as inputs under Rule 57A even if assessed as a complete machine for customs purposes, because customs classification alone did not defeat the substantive entitlement where the alternate claim had been declared. The claim therefore failed for one category of goods and succeeded for the imported CKD machinery. Case-Laws Central Excise Mon, 03 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98656