https://www.taxtmi.com/caselaws?id=114846 Modvat credit on components used to fabricate and assemble a co-generation plant was considered available under Rule 57Q where the plant's electricity was partly captively consumed and partly supplied to the State Electricity Board. Partial supply of generated electricity outside the factory, by itself, was not treated as a valid ground to deny credit when the components were otherwise used in the plant and the governing rules supported eligibility. On that basis, the appellants were found entitled to waiver of pre-deposit and stay of recovery of the duty demand and related penalty. en-us Thu, 23 Dec 2004 00:00:00 +0530 Mon, 21 May 2012 16:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114846 Modvat credit on components used to fabricate and assemble a co-generation plant was considered available under Rule 57Q where the plant's electricity was partly captively consumed and partly supplied to the State Electricity Board. Partial supply of generated electricity outside the factory, by itself, was not treated as a valid ground to deny credit when the components were otherwise used in the plant and the governing rules supported eligibility. On that basis, the appellants were found entitled to waiver of pre-deposit and stay of recovery of the duty demand and related penalty. Case-Laws Central Excise Thu, 23 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114846