https://www.taxtmi.com/caselaws?id=236284 Modvat credit on components, spares and accessories used with capital goods under Heading 84.74 was treated as admissible despite the tariff classification, because clause (d) of the Explanation to Rule 57Q was a separate credit entry not confined by chapter heading. The Court applied the settled user test and the liberal approach to capital goods credit, and accepted departmental clarification that such parts were eligible irrespective of classification. The later amendment by Notification No. 25/96-CE (NT) was held to remove ambiguity and operate as clarificatory and retrospective, covering the disputed period from 23.07.1996 to 31.08.1996. en-us Thu, 27 Jun 2013 00:00:00 +0530 Fri, 03 Jan 2014 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236284 Modvat credit on components, spares and accessories used with capital goods under Heading 84.74 was treated as admissible despite the tariff classification, because clause (d) of the Explanation to Rule 57Q was a separate credit entry not confined by chapter heading. The Court applied the settled user test and the liberal approach to capital goods credit, and accepted departmental clarification that such parts were eligible irrespective of classification. The later amendment by Notification No. 25/96-CE (NT) was held to remove ambiguity and operate as clarificatory and retrospective, covering the disputed period from 23.07.1996 to 31.08.1996. Case-Laws Central Excise Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236284