https://www.taxtmi.com/caselaws?id=344833 Rule 57Q of the Central Excise Rules, 1944, as amended by Notification No. 14/96-C.E. and Notification No. 25/96-C.E. (N.T.), was treated as covering components, spares and accessories of specified capital goods under Heading 84.74 for Modvat credit purposes. The contemporaneous circular clarified that such goods were eligible for credit irrespective of their chapter classification, and the Court also relied on the earlier Division Bench decision in the assessee's own case. The amendment was viewed as clarificatory, so a restrictive denial of credit on classification grounds was not justified. The issue was answered in favour of the assessee and against the Revenue. en-us Fri, 28 Apr 2017 00:00:00 +0530 Tue, 06 Feb 2018 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344833 Rule 57Q of the Central Excise Rules, 1944, as amended by Notification No. 14/96-C.E. and Notification No. 25/96-C.E. (N.T.), was treated as covering components, spares and accessories of specified capital goods under Heading 84.74 for Modvat credit purposes. The contemporaneous circular clarified that such goods were eligible for credit irrespective of their chapter classification, and the Court also relied on the earlier Division Bench decision in the assessee's own case. The amendment was viewed as clarificatory, so a restrictive denial of credit on classification grounds was not justified. The issue was answered in favour of the assessee and against the Revenue. Case-Laws Central Excise Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344833