https://www.taxtmi.com/caselaws?id=116021 After the 1-3-1997 recast of Rule 57Q, eligibility for Modvat capital goods credit depended on tariff classification under the exclusionary schedule. Air-conditioning machinery falling under Heading 84.15 was expressly excluded from Chapter 84 eligibility, so its use in production could not override the statutory classification. Earlier Board circulars and pre-amendment decisions were confined to the prior regime and did not govern the amended rule. On that basis, credit on the air-conditioning machinery for March 1999 was not available, and the Revenue's position was upheld. en-us Tue, 10 May 2005 00:00:00 +0530 Wed, 06 Jun 2012 15:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116021 After the 1-3-1997 recast of Rule 57Q, eligibility for Modvat capital goods credit depended on tariff classification under the exclusionary schedule. Air-conditioning machinery falling under Heading 84.15 was expressly excluded from Chapter 84 eligibility, so its use in production could not override the statutory classification. Earlier Board circulars and pre-amendment decisions were confined to the prior regime and did not govern the amended rule. On that basis, credit on the air-conditioning machinery for March 1999 was not available, and the Revenue's position was upheld. Case-Laws Central Excise Tue, 10 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116021