https://www.taxtmi.com/caselaws?id=166444 The appellate court set aside the impugned order denying MODVAT credit to the appellants for Grinding Media and Cylpebs. The court held that despite the delay in filing declarations, the appellants were eligible for credit on the goods as inputs, not capital goods. The change in the definition of "capital goods" before Feb'96 allowed the goods to be considered as inputs. The decision emphasizes the significance of adhering to evolving definitions and timely compliance with MODVAT rules to avoid credit denials. en-us Fri, 18 Nov 2011 00:00:00 +0530 Thu, 25 Sep 2014 08:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166444 The appellate court set aside the impugned order denying MODVAT credit to the appellants for Grinding Media and Cylpebs. The court held that despite the delay in filing declarations, the appellants were eligible for credit on the goods as inputs, not capital goods. The change in the definition of "capital goods" before Feb'96 allowed the goods to be considered as inputs. The decision emphasizes the significance of adhering to evolving definitions and timely compliance with MODVAT rules to avoid credit denials. Case-Laws Central Excise Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166444