https://www.taxtmi.com/caselaws?id=109612 Capital goods received in the factory before 1-4-2000 but installed later remained eligible for Modvat/CENVAT credit under the transitional scheme, subject to the prescribed 50% condition. The authorities below failed to apply Rule 57AC(2)(c) and the Board's circular dated 3-4-2000, both of which supported admissibility where receipt preceded installation after the new rules came into force. On that basis, denial of credit was unsustainable and the assessee was entitled to the disputed credit. en-us Wed, 23 Jul 2003 00:00:00 +0530 Wed, 11 Apr 2012 10:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109612 Capital goods received in the factory before 1-4-2000 but installed later remained eligible for Modvat/CENVAT credit under the transitional scheme, subject to the prescribed 50% condition. The authorities below failed to apply Rule 57AC(2)(c) and the Board's circular dated 3-4-2000, both of which supported admissibility where receipt preceded installation after the new rules came into force. On that basis, denial of credit was unsustainable and the assessee was entitled to the disputed credit. Case-Laws Central Excise Wed, 23 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109612