https://www.taxtmi.com/caselaws?id=109586 Fabricated steel tanks mounted on a chassis were treated as goods under Chapter 87 and, on that classification, fell outside the definition of capital goods under Rule 57Q then in force. They were also not accepted as part of the metal rolling mill or as material handling equipment, so Modvat credit as capital goods was unavailable. The alternative claim that the tanks qualified as inputs was rejected because no such case had been advanced before the lower authorities, and a fresh input-credit basis could not be raised for the first time in appeal. The result was disallowance of Modvat credit on both grounds. en-us Thu, 10 Jul 2003 00:00:00 +0530 Tue, 10 Apr 2012 18:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109586 Fabricated steel tanks mounted on a chassis were treated as goods under Chapter 87 and, on that classification, fell outside the definition of capital goods under Rule 57Q then in force. They were also not accepted as part of the metal rolling mill or as material handling equipment, so Modvat credit as capital goods was unavailable. The alternative claim that the tanks qualified as inputs was rejected because no such case had been advanced before the lower authorities, and a fresh input-credit basis could not be raised for the first time in appeal. The result was disallowance of Modvat credit on both grounds. Case-Laws Central Excise Thu, 10 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109586