https://www.taxtmi.com/caselaws?id=201469 Modvat credit was admissible on duty-paid components used to manufacture a Diesel Generating Power Plant installed in the factory, even though the completed plant was exempt from duty. The plant functioned as capital goods for running the manufacturing unit during power cuts, and Rule 57Q covered duty-paid capital goods as well as their components, spares and accessories. Exemption of the finished plant did not bar credit on duty-paid inputs used in its manufacture. The reference was answered against the Revenue, and credit was held allowable in favour of the manufacturer. en-us Thu, 30 Oct 2008 00:00:00 +0530 Mon, 10 Jan 2011 17:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201469 Modvat credit was admissible on duty-paid components used to manufacture a Diesel Generating Power Plant installed in the factory, even though the completed plant was exempt from duty. The plant functioned as capital goods for running the manufacturing unit during power cuts, and Rule 57Q covered duty-paid capital goods as well as their components, spares and accessories. Exemption of the finished plant did not bar credit on duty-paid inputs used in its manufacture. The reference was answered against the Revenue, and credit was held allowable in favour of the manufacturer. Case-Laws Central Excise Thu, 30 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201469