https://www.taxtmi.com/caselaws?id=110793 Eligibility for Modvat credit under Rule 57Q depended on whether the goods qualified as capital goods on the date credit was taken, not on the date duty was paid or the goods were cleared by the manufacturer. On the date of availment, goods falling under Heading 84.18 were excluded from the definition of capital goods in the Explanation to Rule 57Q(1). As the vapour absorption heat pump fell within that excluded heading, it could not qualify for credit. The credit was therefore held inadmissible, and the order granting credit was set aside with restoration of the original denial. en-us Wed, 17 Dec 2003 00:00:00 +0530 Wed, 18 Apr 2012 16:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110793 Eligibility for Modvat credit under Rule 57Q depended on whether the goods qualified as capital goods on the date credit was taken, not on the date duty was paid or the goods were cleared by the manufacturer. On the date of availment, goods falling under Heading 84.18 were excluded from the definition of capital goods in the Explanation to Rule 57Q(1). As the vapour absorption heat pump fell within that excluded heading, it could not qualify for credit. The credit was therefore held inadmissible, and the order granting credit was set aside with restoration of the original denial. Case-Laws Central Excise Wed, 17 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110793