https://www.taxtmi.com/caselaws?id=190378 Modvat credit on inputs and capital goods was allowed where the unit had not yet commenced production and remained in the gestation stage. The Tribunal held that the mere fact that the credit was taken during the subsistence of the compounded levy scheme did not, by itself, bar eligibility. On the factual finding that production had not started by the relevant date, the Revenue's restrictions did not invalidate the credit, and the Commissioner (Appeals)'s order allowing relief was found proper. en-us Mon, 29 Sep 2014 00:00:00 +0530 Tue, 14 Feb 2017 08:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190378 Modvat credit on inputs and capital goods was allowed where the unit had not yet commenced production and remained in the gestation stage. The Tribunal held that the mere fact that the credit was taken during the subsistence of the compounded levy scheme did not, by itself, bar eligibility. On the factual finding that production had not started by the relevant date, the Revenue's restrictions did not invalidate the credit, and the Commissioner (Appeals)'s order allowing relief was found proper. Case-Laws Central Excise Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190378