https://www.taxtmi.com/caselaws?id=281034 The Commissioner of Customs & Central Excise (Appeals), Ghaziabad, allowed modvat credits on various items used in the manufacturing process of polyester filament yarn by M/s. Jindal Polyester, Gulaothi. The Commissioner overturned the disallowance of modvat credit amounting to Rs. 8,15,044 on items such as pressure gauges, process control instruments, and digital scales, deeming them as Capital Goods essential for the manufacturing process. No penalties were imposed as there was no malicious intent in availing the modvat credit. The Commissioner's decision was based on precedents supporting a broad definition of 'Capital Goods.' en-us Tue, 18 Feb 1997 00:00:00 +0530 Fri, 31 May 2019 18:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281034 The Commissioner of Customs & Central Excise (Appeals), Ghaziabad, allowed modvat credits on various items used in the manufacturing process of polyester filament yarn by M/s. Jindal Polyester, Gulaothi. The Commissioner overturned the disallowance of modvat credit amounting to Rs. 8,15,044 on items such as pressure gauges, process control instruments, and digital scales, deeming them as Capital Goods essential for the manufacturing process. No penalties were imposed as there was no malicious intent in availing the modvat credit. The Commissioner's decision was based on precedents supporting a broad definition of 'Capital Goods.' Case-Laws Central Excise Tue, 18 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281034