https://www.taxtmi.com/caselaws?id=113410 Air-conditioners classifiable under sub-heading 8415.00 were excluded from the definition of capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, 1944, as applicable during the relevant period. The exclusion covered refrigerating and air-conditioning appliances and machinery, so credit on such goods used in the factory of the manufacturer was not available. Authorities were therefore correct in denying Modvat credit. Earlier decisions cited by the appellant arose in a different statutory context and, after Notification No. 6/97-C.E. (N.T.), did not govern the present position. en-us Tue, 16 Mar 2004 00:00:00 +0530 Sat, 05 May 2012 12:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113410 Air-conditioners classifiable under sub-heading 8415.00 were excluded from the definition of capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, 1944, as applicable during the relevant period. The exclusion covered refrigerating and air-conditioning appliances and machinery, so credit on such goods used in the factory of the manufacturer was not available. Authorities were therefore correct in denying Modvat credit. Earlier decisions cited by the appellant arose in a different statutory context and, after Notification No. 6/97-C.E. (N.T.), did not govern the present position. Case-Laws Central Excise Tue, 16 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113410