https://www.taxtmi.com/caselaws?id=105629 Modvat credit under Rule 57Q was held admissible on items found, on detailed functional examination, to be used in the manufacturing process. The Revenue's objection that Notification No. 14/97-C.E. operated only prospectively and could not support credit for the earlier period was rejected. The applicable principle, drawn from Jawahar Mills, was that "capital goods" is a wide expression covering goods used for producing or processing goods, or for bringing about a change in the substance used in manufacture. Credit on the disputed items was therefore upheld. en-us Thu, 07 Feb 2002 00:00:00 +0530 Tue, 06 Mar 2012 16:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105629 Modvat credit under Rule 57Q was held admissible on items found, on detailed functional examination, to be used in the manufacturing process. The Revenue's objection that Notification No. 14/97-C.E. operated only prospectively and could not support credit for the earlier period was rejected. The applicable principle, drawn from Jawahar Mills, was that "capital goods" is a wide expression covering goods used for producing or processing goods, or for bringing about a change in the substance used in manufacture. Credit on the disputed items was therefore upheld. Case-Laws Central Excise Thu, 07 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105629