https://www.taxtmi.com/caselaws?id=173017 Steel tubes, pipes and refractories were treated as capital goods under Rule 57Q of the Central Excise Rules, 1944 even before the 23.7.1996 amendment, because they already fell within the existing clauses of Explanation I. The later insertion of additional clauses (f) and (g) did not confine capital-goods status to goods covered only from the amendment date. On that construction, modvat credit on such goods remained admissible, and the timing of purchase or use before the amendment did not defeat eligibility where the goods were already within the rule. en-us Wed, 12 Oct 2011 00:00:00 +0530 Wed, 07 Oct 2015 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173017 Steel tubes, pipes and refractories were treated as capital goods under Rule 57Q of the Central Excise Rules, 1944 even before the 23.7.1996 amendment, because they already fell within the existing clauses of Explanation I. The later insertion of additional clauses (f) and (g) did not confine capital-goods status to goods covered only from the amendment date. On that construction, modvat credit on such goods remained admissible, and the timing of purchase or use before the amendment did not defeat eligibility where the goods were already within the rule. Case-Laws Central Excise Wed, 12 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173017