https://www.taxtmi.com/caselaws?id=258643 For the period before 23.07.1996, steel items such as angles, channels, joists, plates and tubes used as machinery parts or as structures integrally connected with plant were treated as eligible for Modvat credit under the wider capital goods concept, so the credit denial for that period was set aside. For January 1997 to March 1997, eligibility under the amended capital goods definition depended on the actual use of the steel items in fabrication of machinery or qualifying components, so the matter was remanded for fresh verification of use. Credit on nickel screen and gunny bags was allowed because the record showed they were covered by the declarations filed, making the sole ground of denial unsustainable. en-us Wed, 28 Jan 2015 00:00:00 +0530 Tue, 13 Oct 2015 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258643 For the period before 23.07.1996, steel items such as angles, channels, joists, plates and tubes used as machinery parts or as structures integrally connected with plant were treated as eligible for Modvat credit under the wider capital goods concept, so the credit denial for that period was set aside. For January 1997 to March 1997, eligibility under the amended capital goods definition depended on the actual use of the steel items in fabrication of machinery or qualifying components, so the matter was remanded for fresh verification of use. Credit on nickel screen and gunny bags was allowed because the record showed they were covered by the declarations filed, making the sole ground of denial unsustainable. Case-Laws Central Excise Wed, 28 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258643