https://www.taxtmi.com/caselaws?id=114120 The Tribunal dismissed the application for rectification of mistake by M/s. Surya Roshni Ltd., affirming that the initial use of capital goods for exempted products determined the eligibility for Modvat credit. Subsequent use for dutiable products did not change this determination. The Tribunal held that Modvat credit eligibility is determined at the time of capital goods receipt, and later use for dutiable products does not revive eligibility. The interpretation of Rule 57T and timing of Modvat credit eligibility were key in the Tribunal's decision. en-us Fri, 10 Sep 2004 00:00:00 +0530 Fri, 11 May 2012 13:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114120 The Tribunal dismissed the application for rectification of mistake by M/s. Surya Roshni Ltd., affirming that the initial use of capital goods for exempted products determined the eligibility for Modvat credit. Subsequent use for dutiable products did not change this determination. The Tribunal held that Modvat credit eligibility is determined at the time of capital goods receipt, and later use for dutiable products does not revive eligibility. The interpretation of Rule 57T and timing of Modvat credit eligibility were key in the Tribunal's decision. Case-Laws Central Excise Fri, 10 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114120