https://www.taxtmi.com/caselaws?id=104719 Modvat credit on capital goods could not be denied merely because it was recorded before installation and use in manufacture. The credit was taken on receipt of the goods but remained unutilised until the goods were installed and put to use in the factory. A later amendment relied on by the Revenue did not justify denial for the earlier period, and the position was treated as revenue neutral because the credit would in any event become admissible once the capital goods were used in production. The credit was therefore available with consequential relief. en-us Thu, 31 Jan 2002 00:00:00 +0530 Thu, 01 Mar 2012 10:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104719 Modvat credit on capital goods could not be denied merely because it was recorded before installation and use in manufacture. The credit was taken on receipt of the goods but remained unutilised until the goods were installed and put to use in the factory. A later amendment relied on by the Revenue did not justify denial for the earlier period, and the position was treated as revenue neutral because the credit would in any event become admissible once the capital goods were used in production. The credit was therefore available with consequential relief. Case-Laws Central Excise Thu, 31 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104719