https://www.taxtmi.com/circulars?id=299 Restriction on Modvat credit for goods imported under the project import classification applies only to items in the nature of capital goods. Raw materials, inputs and components imported under the same classification are eligible for full input credit if they qualify under input credit provisions, because the provisions governing input credit and capital good credit are distinct and mutually exclusive. en-us Mon, 25 Oct 1999 00:00:00 +0530 Tue, 23 Sep 2008 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=299 Restriction on Modvat credit for goods imported under the project import classification applies only to items in the nature of capital goods. Raw materials, inputs and components imported under the same classification are eligible for full input credit if they qualify under input credit provisions, because the provisions governing input credit and capital good credit are distinct and mutually exclusive. Circulars Central Excise Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=299