https://www.taxtmi.com/caselaws?id=344629 MODVAT credit on imported capital goods was held admissible where the assessee produced a certificate in the prescribed proforma under the applicable circular. Rule 57Q of the erstwhile Central Excise Rules, 1944 covered machinery, plant, equipment and similar items used in manufacture as capital goods. The circular for imports under the Project Import Regulations, 1986 accepted an independent Cost Accountant's certificate where separate invoices or exact identification were difficult, subject to verification. As the certificate described machinery, a coating machine, ancillary equipment and other items falling within the capital goods definition, the requirement was substantially met and denial of credit was unsustainable. en-us Mon, 19 Jun 2017 00:00:00 +0530 Thu, 17 Aug 2017 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344629 MODVAT credit on imported capital goods was held admissible where the assessee produced a certificate in the prescribed proforma under the applicable circular. Rule 57Q of the erstwhile Central Excise Rules, 1944 covered machinery, plant, equipment and similar items used in manufacture as capital goods. The circular for imports under the Project Import Regulations, 1986 accepted an independent Cost Accountant's certificate where separate invoices or exact identification were difficult, subject to verification. As the certificate described machinery, a coating machine, ancillary equipment and other items falling within the capital goods definition, the requirement was substantially met and denial of credit was unsustainable. Case-Laws Central Excise Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344629