https://www.taxtmi.com/caselaws?id=252629 M.S. tanks used in the manufacturing process were treated as capital goods eligible for Modvat credit under Rule 57Q because they formed part of the manufacturing plant and fell within the expression "machines, machinery, plant, equipment, apparatus, tools or appliances" in Explanation 1(a). Eligibility had to be determined by the law prevailing when credit was taken, so the later inclusion of M.S. tanks under Notification No. 6/2001-CE(NT) did not govern the earlier period. The Revenue's challenge failed, and the order allowing Modvat credit was affirmed. en-us Thu, 04 Sep 2014 00:00:00 +0530 Mon, 08 Jun 2015 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252629 M.S. tanks used in the manufacturing process were treated as capital goods eligible for Modvat credit under Rule 57Q because they formed part of the manufacturing plant and fell within the expression "machines, machinery, plant, equipment, apparatus, tools or appliances" in Explanation 1(a). Eligibility had to be determined by the law prevailing when credit was taken, so the later inclusion of M.S. tanks under Notification No. 6/2001-CE(NT) did not govern the earlier period. The Revenue's challenge failed, and the order allowing Modvat credit was affirmed. Case-Laws Central Excise Thu, 04 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252629