https://www.taxtmi.com/caselaws?id=307178 Modvat credit on duty-paid capital goods used in the manufacture of sliver under Heading 52.02 was claimed even though such goods were outside the scope of capital goods under Rule 57Q before 21-10-1994. The Madras HC followed earlier precedent that had already decided the issue against the Revenue and held that the credit was admissible on that basis. The question was therefore answered in favour of the assessee and against the Revenue. en-us Wed, 05 Feb 2014 00:00:00 +0530 Thu, 23 Mar 2023 20:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307178 Modvat credit on duty-paid capital goods used in the manufacture of sliver under Heading 52.02 was claimed even though such goods were outside the scope of capital goods under Rule 57Q before 21-10-1994. The Madras HC followed earlier precedent that had already decided the issue against the Revenue and held that the credit was admissible on that basis. The question was therefore answered in favour of the assessee and against the Revenue. Case-Laws Central Excise Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307178