https://www.taxtmi.com/caselaws?id=153967 Capital goods credit remained admissible for equipment installed in an integrated co-generation plant for a sugar mill, because eligibility is tested by the nature of the goods and their intended use when received in the factory set-up. The fact that the power plant started operating before the sugar mill, and electricity was temporarily supplied to the grid before commencement of dutiable production, did not alter the character of the capital goods or defeat credit. The reasoning of the precedent relied on by the Revenue was treated as inapplicable because the goods were not used exclusively for exempted goods in the relevant sense. en-us Fri, 25 Sep 2009 00:00:00 +0530 Thu, 03 Jan 2019 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153967 Capital goods credit remained admissible for equipment installed in an integrated co-generation plant for a sugar mill, because eligibility is tested by the nature of the goods and their intended use when received in the factory set-up. The fact that the power plant started operating before the sugar mill, and electricity was temporarily supplied to the grid before commencement of dutiable production, did not alter the character of the capital goods or defeat credit. The reasoning of the precedent relied on by the Revenue was treated as inapplicable because the goods were not used exclusively for exempted goods in the relevant sense. Case-Laws Central Excise Fri, 25 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153967