https://www.taxtmi.com/caselaws?id=108469 Modvat credit under Rule 57Q on coating material used inside storage tanks depended on whether the tanks qualified as capital goods and on the proper classification of the tanks. The Tribunal found that the Chapter 73 classification relied on to deny credit was not supported by the show cause notice or the original findings, so the denial could not be sustained on that basis. It further held that the record did not permit a conclusive finding on the tanks' eligibility and that the issue had to be examined first by determining whether the tanks were integrally connected with the manufacturing process. The denial of credit was set aside and the matter remanded for fresh determination. en-us Fri, 04 Apr 2003 00:00:00 +0530 Sat, 31 Mar 2012 17:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108469 Modvat credit under Rule 57Q on coating material used inside storage tanks depended on whether the tanks qualified as capital goods and on the proper classification of the tanks. The Tribunal found that the Chapter 73 classification relied on to deny credit was not supported by the show cause notice or the original findings, so the denial could not be sustained on that basis. It further held that the record did not permit a conclusive finding on the tanks' eligibility and that the issue had to be examined first by determining whether the tanks were integrally connected with the manufacturing process. The denial of credit was set aside and the matter remanded for fresh determination. Case-Laws Central Excise Fri, 04 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108469