https://www.taxtmi.com/caselaws?id=114541 Modvat credit under Rule 57Q turned on the tariff classification of the capital goods and the specific exclusions in the rule. An H.V. transformer classified under Heading 8504 fell within Chapter 85 and was not among the excluded headings, so it remained eligible for credit. A descriptive reference in the declaration as a spare for a cement mill did not govern entitlement because the declaration could not override the rule. Credit was therefore admissible and the denial was unsustainable. en-us Tue, 12 Oct 2004 00:00:00 +0530 Wed, 16 May 2012 15:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114541 Modvat credit under Rule 57Q turned on the tariff classification of the capital goods and the specific exclusions in the rule. An H.V. transformer classified under Heading 8504 fell within Chapter 85 and was not among the excluded headings, so it remained eligible for credit. A descriptive reference in the declaration as a spare for a cement mill did not govern entitlement because the declaration could not override the rule. Credit was therefore admissible and the denial was unsustainable. Case-Laws Central Excise Tue, 12 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114541