https://www.taxtmi.com/caselaws?id=122623 Capital goods credit under Rule 57Q remained admissible for parts and components used to manufacture and maintain a co-generation plant, even though part of the electricity generated was supplied to the electricity board. The Tribunal relied on earlier rulings on the same assessee and similar facts, and held that partial wheeling of surplus electricity outside the factory did not by itself defeat eligibility or make the captive-consumption objection under Rule 57R(2) sustainable. As the credit denial failed, the connected penalty also could not survive. en-us Wed, 27 Jun 2007 00:00:00 +0530 Thu, 02 Nov 2017 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122623 Capital goods credit under Rule 57Q remained admissible for parts and components used to manufacture and maintain a co-generation plant, even though part of the electricity generated was supplied to the electricity board. The Tribunal relied on earlier rulings on the same assessee and similar facts, and held that partial wheeling of surplus electricity outside the factory did not by itself defeat eligibility or make the captive-consumption objection under Rule 57R(2) sustainable. As the credit denial failed, the connected penalty also could not survive. Case-Laws Central Excise Wed, 27 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122623