https://www.taxtmi.com/caselaws?id=100173 Modvat credit under the governing scheme depends on whether each item qualifies as capital goods based on its nature and use in the plant. Credit was found inadmissible for CFC Section, Thermocouple, Vibration Control Unit and Lab Precision Oven, but admissible for the remaining items with a sufficient nexus to plant, machinery, power supply, control systems, protective equipment and allied industrial use. Credit also could not be denied merely because it was taken on original invoices, since the duplicate-invoice requirement was introduced later and did not apply to the relevant period. en-us Tue, 03 Jul 2001 00:00:00 +0530 Tue, 31 Jan 2012 14:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100173 Modvat credit under the governing scheme depends on whether each item qualifies as capital goods based on its nature and use in the plant. Credit was found inadmissible for CFC Section, Thermocouple, Vibration Control Unit and Lab Precision Oven, but admissible for the remaining items with a sufficient nexus to plant, machinery, power supply, control systems, protective equipment and allied industrial use. Credit also could not be denied merely because it was taken on original invoices, since the duplicate-invoice requirement was introduced later and did not apply to the relevant period. Case-Laws Central Excise Tue, 03 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100173