https://www.taxtmi.com/caselaws?id=122039 Modvat credit was held admissible on snub pulleys and straight idlers with brackets used as parts of wagon loading machinery in a cement factory. The Tribunal treated the items as components of the wagon loading machine and therefore eligible as capital goods for credit under Rule 57Q of the Central Excise Rules, 1944. It relied on its earlier decision in the assessee's own case, which had recognised credit on wagon loader parts and applied Notification No. 14/96-C.E.(N.T.) retrospectively. In the absence of any contrary material, the denial of credit was found unsustainable and credit was allowed on the disputed items. en-us Mon, 12 Jun 2006 00:00:00 +0530 Wed, 08 Aug 2012 11:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122039 Modvat credit was held admissible on snub pulleys and straight idlers with brackets used as parts of wagon loading machinery in a cement factory. The Tribunal treated the items as components of the wagon loading machine and therefore eligible as capital goods for credit under Rule 57Q of the Central Excise Rules, 1944. It relied on its earlier decision in the assessee's own case, which had recognised credit on wagon loader parts and applied Notification No. 14/96-C.E.(N.T.) retrospectively. In the absence of any contrary material, the denial of credit was found unsustainable and credit was allowed on the disputed items. Case-Laws Central Excise Mon, 12 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122039