https://www.taxtmi.com/caselaws?id=199152 Modvat credit was allowed on steel plates used to repair machinery in a sugar factory because an earlier Tribunal ruling on identical facts had accepted such credit. Credit was denied on dissolved acetylene gas used only for machinery maintenance, since goods used merely for repairs and maintenance are not co-extensively or integrally connected with manufacture and therefore do not qualify as eligible inputs. Penalty was also set aside because the credit claim was taken on the basis of decided case law and no mala fide intent was found. en-us Tue, 24 Jan 2006 00:00:00 +0530 Wed, 21 Feb 2018 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199152 Modvat credit was allowed on steel plates used to repair machinery in a sugar factory because an earlier Tribunal ruling on identical facts had accepted such credit. Credit was denied on dissolved acetylene gas used only for machinery maintenance, since goods used merely for repairs and maintenance are not co-extensively or integrally connected with manufacture and therefore do not qualify as eligible inputs. Penalty was also set aside because the credit claim was taken on the basis of decided case law and no mala fide intent was found. Case-Laws Central Excise Tue, 24 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199152