https://www.taxtmi.com/caselaws?id=113897 Modvat credit on countervailing duty paid for imported capital goods could not be denied merely because some machinery was installed in another unit than the one shown in the customs registration. The operative principle was that an alleged breach of the Project Import Regulations was a customs-law issue and did not, by itself, extinguish the excise credit entitlement. Since the duty had been paid on capital goods imported for factory use, the diversion allegation was insufficient to defeat the credit claim. The assessee was therefore entitled to the credit. en-us Fri, 28 May 2004 00:00:00 +0530 Wed, 09 May 2012 10:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113897 Modvat credit on countervailing duty paid for imported capital goods could not be denied merely because some machinery was installed in another unit than the one shown in the customs registration. The operative principle was that an alleged breach of the Project Import Regulations was a customs-law issue and did not, by itself, extinguish the excise credit entitlement. Since the duty had been paid on capital goods imported for factory use, the diversion allegation was insufficient to defeat the credit claim. The assessee was therefore entitled to the credit. Case-Laws Central Excise Fri, 28 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113897