https://www.taxtmi.com/caselaws?id=417200 Modvat credit was treated as admissible on capital goods used to erect a captive power plant located within the factory and consumed in manufacturing dutiable final products, because the rules allowed credit for capital goods used in the manufacturer's factory. Procedural lapses in declaration, registration, and related formalities were held insufficient to defeat an otherwise valid substantive entitlement to credit, particularly where the irregularity was only technical and the departmental circular supported non-denial on that basis. The analysis therefore confirms that captive power plant equipment used within the factory could qualify for credit, and procedural non-compliance alone could not justify disallowance. en-us Fri, 14 Jan 2022 00:00:00 +0530 Mon, 01 Aug 2022 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417200 Modvat credit was treated as admissible on capital goods used to erect a captive power plant located within the factory and consumed in manufacturing dutiable final products, because the rules allowed credit for capital goods used in the manufacturer's factory. Procedural lapses in declaration, registration, and related formalities were held insufficient to defeat an otherwise valid substantive entitlement to credit, particularly where the irregularity was only technical and the departmental circular supported non-denial on that basis. The analysis therefore confirms that captive power plant equipment used within the factory could qualify for credit, and procedural non-compliance alone could not justify disallowance. Case-Laws Central Excise Fri, 14 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417200