https://www.taxtmi.com/caselaws?id=118990 M.S. Plates classified under Chapter 73 of the Central Excise Tariff were not eligible for Modvat credit as capital goods under Rule 57Q merely because they were used in tanks said to form part of capital goods. The applicable provision allowed credit only for specified capital goods used in the factory, and Chapter 73 classification by itself did not bring the goods within that category. The claim for Modvat credit was therefore rejected, and the denial of credit was upheld. en-us Thu, 29 Dec 2005 00:00:00 +0530 Sat, 07 Jul 2012 12:30:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118990 M.S. Plates classified under Chapter 73 of the Central Excise Tariff were not eligible for Modvat credit as capital goods under Rule 57Q merely because they were used in tanks said to form part of capital goods. The applicable provision allowed credit only for specified capital goods used in the factory, and Chapter 73 classification by itself did not bring the goods within that category. The claim for Modvat credit was therefore rejected, and the denial of credit was upheld. Case-Laws Central Excise Thu, 29 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118990