https://www.taxtmi.com/caselaws?id=112883 Modvat credit on grinding wheels used in manufacturing engine valves was unavailable for the period 23-7-1996 to 31-8-1996 because the goods were excluded from the definition of capital goods during that interval. Rule 57Q of the erstwhile Central Excise Rules, 1944 governed eligibility, and Notification No. 14/96-C.E. (N.T.) removed grinding wheels from the definition from 23-7-1996, while Notification No. 25/96-C.E. (N.T.) restored them only from 1-9-1996. The credit claim therefore failed for the disputed period. en-us Sat, 07 Feb 2004 00:00:00 +0530 Wed, 02 May 2012 13:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112883 Modvat credit on grinding wheels used in manufacturing engine valves was unavailable for the period 23-7-1996 to 31-8-1996 because the goods were excluded from the definition of capital goods during that interval. Rule 57Q of the erstwhile Central Excise Rules, 1944 governed eligibility, and Notification No. 14/96-C.E. (N.T.) removed grinding wheels from the definition from 23-7-1996, while Notification No. 25/96-C.E. (N.T.) restored them only from 1-9-1996. The credit claim therefore failed for the disputed period. Case-Laws Central Excise Sat, 07 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112883