https://www.taxtmi.com/caselaws?id=114120 Modvat credit on capital goods was determined by their use at the time of receipt in the factory, and the later conversion of the final product into a dutiable product did not revive entitlement once credit was unavailable for exempted manufacture. The declaration under Rule 57T did not change the operative position, because the decisive fact was the actual use of the goods when received and installed. No error apparent on the face of the record was shown, so rectification was not maintainable and the earlier denial of credit remained undisturbed. 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 Modvat credit on capital goods was determined by their use at the time of receipt in the factory, and the later conversion of the final product into a dutiable product did not revive entitlement once credit was unavailable for exempted manufacture. The declaration under Rule 57T did not change the operative position, because the decisive fact was the actual use of the goods when received and installed. No error apparent on the face of the record was shown, so rectification was not maintainable and the earlier denial of credit remained undisturbed. Case-Laws Central Excise Fri, 10 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114120