https://www.taxtmi.com/caselaws?id=104633 Modvat credit under Rule 57Q depends on the actual use and function of each item in the factory, and items found to perform capital-goods functions qualify accordingly. The lower appellate authority recorded the specific use of each disputed item and treated them as capital goods on that basis; that approach was affirmed. A challenge based on the timing of the credit and the later amendment by Notification No. 14/96-C.E. (N.T.) failed because eligibility turned on the goods' use in manufacture, not merely on a retrospective operation argument. The revenue challenge was rejected. en-us Wed, 17 Oct 2001 00:00:00 +0530 Wed, 29 Feb 2012 17:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104633 Modvat credit under Rule 57Q depends on the actual use and function of each item in the factory, and items found to perform capital-goods functions qualify accordingly. The lower appellate authority recorded the specific use of each disputed item and treated them as capital goods on that basis; that approach was affirmed. A challenge based on the timing of the credit and the later amendment by Notification No. 14/96-C.E. (N.T.) failed because eligibility turned on the goods' use in manufacture, not merely on a retrospective operation argument. The revenue challenge was rejected. Case-Laws Central Excise Wed, 17 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104633