https://www.taxtmi.com/caselaws?id=114422 Air-conditioners used in a factory control room were not eligible for Modvat credit as capital goods under Rule 57Q(1) because the relevant table covered parts of air-conditioning appliances and machinery, not air-conditioners as such. The credit claim therefore failed. Penalty, however, was not sustainable because the dispute turned on interpretation of the credit entry and there was no finding of intent to evade duty. The matter thus resulted in denial of credit but deletion of penalty. en-us Tue, 21 Sep 2004 00:00:00 +0530 Tue, 15 May 2012 15:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114422 Air-conditioners used in a factory control room were not eligible for Modvat credit as capital goods under Rule 57Q(1) because the relevant table covered parts of air-conditioning appliances and machinery, not air-conditioners as such. The credit claim therefore failed. Penalty, however, was not sustainable because the dispute turned on interpretation of the credit entry and there was no finding of intent to evade duty. The matter thus resulted in denial of credit but deletion of penalty. Case-Laws Central Excise Tue, 21 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114422