https://www.taxtmi.com/caselaws?id=104843 Modvat credit on specified capital goods under Rule 57Q of the Central Excise Rules, 1944 was held admissible. The Revenue's challenge was based only on the fact that a special leave petition had been filed against the Larger Bench ruling on the scope of capital goods credit, but that objection failed because the Supreme Court had dismissed the Revenue's petition. The governing precedent therefore continued to apply, and credit could not be denied on the same issue. en-us Fri, 26 Apr 2002 00:00:00 +0530 Thu, 01 Mar 2012 15:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104843 Modvat credit on specified capital goods under Rule 57Q of the Central Excise Rules, 1944 was held admissible. The Revenue's challenge was based only on the fact that a special leave petition had been filed against the Larger Bench ruling on the scope of capital goods credit, but that objection failed because the Supreme Court had dismissed the Revenue's petition. The governing precedent therefore continued to apply, and credit could not be denied on the same issue. Case-Laws Central Excise Fri, 26 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104843