https://www.taxtmi.com/caselaws?id=110158 Modvat credit under the Central Excise Rules is stated to remain available where capital goods are actually used in manufacture and a detailed declaration is filed late, because the delay is treated as a curable procedural defect rather than a substantive bar. The text also states that components of a power plant qualify as capital goods for credit purposes even before the 16-3-1995 amendment, since a broad construction of capital goods covers plant, machinery, equipment, and their components used in manufacture-related electricity generation. On that basis, the denial of credit is described as unsustainable. en-us Mon, 08 Sep 2003 00:00:00 +0530 Sat, 14 Apr 2012 10:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110158 Modvat credit under the Central Excise Rules is stated to remain available where capital goods are actually used in manufacture and a detailed declaration is filed late, because the delay is treated as a curable procedural defect rather than a substantive bar. The text also states that components of a power plant qualify as capital goods for credit purposes even before the 16-3-1995 amendment, since a broad construction of capital goods covers plant, machinery, equipment, and their components used in manufacture-related electricity generation. On that basis, the denial of credit is described as unsustainable. Case-Laws Central Excise Mon, 08 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110158