https://www.taxtmi.com/caselaws?id=1071 Modvat credit was held admissible on lubricating oils, greases, cutting oils and coolants treated as capital goods under Rule 57Q of the Central Excise Rules, 1944, because the rule covered such goods when used in the factory of the manufacturer of final products and did not exclude them merely due to their use in motor vehicle production. The demand was also held time-barred, as the credit had been availed after declaration under Rule 57Q and the notice was issued beyond the normal limitation period. On these grounds, the impugned demand and penalty were not sustained. en-us Tue, 12 Jul 2005 00:00:00 +0530 Mon, 14 Apr 2008 05:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1071 Modvat credit was held admissible on lubricating oils, greases, cutting oils and coolants treated as capital goods under Rule 57Q of the Central Excise Rules, 1944, because the rule covered such goods when used in the factory of the manufacturer of final products and did not exclude them merely due to their use in motor vehicle production. The demand was also held time-barred, as the credit had been availed after declaration under Rule 57Q and the notice was issued beyond the normal limitation period. On these grounds, the impugned demand and penalty were not sustained. Case-Laws Central Excise Tue, 12 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1071