https://www.taxtmi.com/caselaws?id=263137 Storage tanks and storage vessels were held not to fall within Rule 57Q of the Central Excise Rules, 1944 during the relevant period because the provision confined Modvat credit to capital goods specifically described in the statutory table and used in the factory. The later amendment including storage tanks was not treated as clarificatory, as the original wording and tariff-based descriptions showed that such items had been omitted earlier. On that basis, the amendment was not retrospective, Modvat credit was denied on those items, and the appeal failed. en-us Wed, 28 Jan 2015 00:00:00 +0530 Thu, 27 Aug 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263137 Storage tanks and storage vessels were held not to fall within Rule 57Q of the Central Excise Rules, 1944 during the relevant period because the provision confined Modvat credit to capital goods specifically described in the statutory table and used in the factory. The later amendment including storage tanks was not treated as clarificatory, as the original wording and tariff-based descriptions showed that such items had been omitted earlier. On that basis, the amendment was not retrospective, Modvat credit was denied on those items, and the appeal failed. Case-Laws Central Excise Wed, 28 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263137