https://www.taxtmi.com/caselaws?id=106451 Modvat credit on capital goods becomes admissible only on installation or actual use, not on mere importation or receipt in the factory; accordingly, the notification in force on the date the credit first becomes admissible governs entitlement, and the earlier rate could not be claimed. The demand was sustained on merits because the credit was taken after installation when the later notification was already in force. On limitation, the record was incomplete because the RT-12 return-filing evidence was not produced, so the issue could not be finally determined and was remanded to the original authority for fresh examination. en-us Fri, 19 Jul 2002 00:00:00 +0530 Wed, 14 Mar 2012 12:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106451 Modvat credit on capital goods becomes admissible only on installation or actual use, not on mere importation or receipt in the factory; accordingly, the notification in force on the date the credit first becomes admissible governs entitlement, and the earlier rate could not be claimed. The demand was sustained on merits because the credit was taken after installation when the later notification was already in force. On limitation, the record was incomplete because the RT-12 return-filing evidence was not produced, so the issue could not be finally determined and was remanded to the original authority for fresh examination. Case-Laws Central Excise Fri, 19 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106451