https://www.taxtmi.com/caselaws?id=113266 The Tribunal allowed the appeal against the denial of Modvat credit for card cans as capital goods in the manufacturing of fabrics. The Tribunal held that since card cans are used with machines in the yarn industry for storing and transferring materials, they qualify for Modvat credit. The decision was based on a Supreme Court ruling in a similar case, emphasizing the essential role of card cans in the manufacturing process. Consequently, the Commissioner's decision was overturned, and the appellants were granted the Modvat credit for card cans. en-us Thu, 01 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113266 The Tribunal allowed the appeal against the denial of Modvat credit for card cans as capital goods in the manufacturing of fabrics. The Tribunal held that since card cans are used with machines in the yarn industry for storing and transferring materials, they qualify for Modvat credit. The decision was based on a Supreme Court ruling in a similar case, emphasizing the essential role of card cans in the manufacturing process. Consequently, the Commissioner's decision was overturned, and the appellants were granted the Modvat credit for card cans. Case-Laws Central Excise Thu, 01 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113266