https://www.taxtmi.com/caselaws?id=118711 Modvat credit under Rule 57Q was not admissible for an alarm annunciator classified under Heading 85.31 because, for the relevant period, capital goods falling under that heading were excluded from the eligible category. Eligibility turned on the tariff classification of the capital goods, not on their use in manufacture of the final product. The denial of credit was therefore upheld in favour of the Revenue. en-us Thu, 12 May 2005 00:00:00 +0530 Thu, 05 Jul 2012 12:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118711 Modvat credit under Rule 57Q was not admissible for an alarm annunciator classified under Heading 85.31 because, for the relevant period, capital goods falling under that heading were excluded from the eligible category. Eligibility turned on the tariff classification of the capital goods, not on their use in manufacture of the final product. The denial of credit was therefore upheld in favour of the Revenue. Case-Laws Central Excise Thu, 12 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118711