https://www.taxtmi.com/caselaws?id=108332 Modvat credit under Rule 57Q was unavailable for goods falling within Heading 84.14 because the rule expressly excluded that category from eligible capital goods. The disputed steel channels used for fabrication of sheds, and other items classified under Heading 8414.80, therefore did not satisfy the statutory definition of capital goods, even though they were used in the factory. The cited precedent did not assist because it concerned different goods and could not override the express exclusion in the rule. On that basis, disallowance of Modvat credit was sustained and the challenge failed. en-us Tue, 12 Nov 2002 00:00:00 +0530 Fri, 30 Mar 2012 19:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108332 Modvat credit under Rule 57Q was unavailable for goods falling within Heading 84.14 because the rule expressly excluded that category from eligible capital goods. The disputed steel channels used for fabrication of sheds, and other items classified under Heading 8414.80, therefore did not satisfy the statutory definition of capital goods, even though they were used in the factory. The cited precedent did not assist because it concerned different goods and could not override the express exclusion in the rule. On that basis, disallowance of Modvat credit was sustained and the challenge failed. Case-Laws Central Excise Tue, 12 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108332