https://www.taxtmi.com/circulars?id=5737 For capital goods procured and received into a factory prior to the rule change, specified-duty Modvat credit availed and utilised immediately upon receipt is admissible even if those goods were not actually installed or brought into production on the date of availment; the earlier circular limiting credit to installation applied only to initial factory setup and a subsequent notification introduced the installation requirement going forward. en-us Mon, 02 Dec 1996 00:00:00 +0530 Fri, 13 Mar 2009 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5737 For capital goods procured and received into a factory prior to the rule change, specified-duty Modvat credit availed and utilised immediately upon receipt is admissible even if those goods were not actually installed or brought into production on the date of availment; the earlier circular limiting credit to installation applied only to initial factory setup and a subsequent notification introduced the installation requirement going forward. Circulars Central Excise Mon, 02 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5737