https://www.taxtmi.com/caselaws?id=114776 Modvat credit under Rule 57Q was held inadmissible on parts of a sound blast machine because the machine itself fell under heading 84.24 and was outside the definition of capital goods; the circular relied on applied only to components of eligible machines, so the credit denial was sustained. Penalty under Rule 173Q was not sustainable because deliberate contravention with intent to evade duty was not established, and the absence of mens rea required deletion of the penalty. The appeal was therefore partly allowed, with credit denied but penalty set aside. en-us Fri, 24 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 10:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114776 Modvat credit under Rule 57Q was held inadmissible on parts of a sound blast machine because the machine itself fell under heading 84.24 and was outside the definition of capital goods; the circular relied on applied only to components of eligible machines, so the credit denial was sustained. Penalty under Rule 173Q was not sustainable because deliberate contravention with intent to evade duty was not established, and the absence of mens rea required deletion of the penalty. The appeal was therefore partly allowed, with credit denied but penalty set aside. Case-Laws Central Excise Fri, 24 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114776