https://www.taxtmi.com/caselaws?id=46897 Modvat credit under Rule 57Q was considered on the basis of a broad interpretation of "capital goods", including goods not specifically named in the rule if used in manufacture. Earlier Supreme Court authority favouring liberal construction of exemption and credit provisions was applied, and the items in question were not shown to lack actual use in the manufacturing process. On that reasoning, the Tribunal's allowance of credit on the covered items was treated as sufficient, and no separate reference on the proposed question was warranted; the reference petition was rejected. en-us Tue, 15 Jul 2003 00:00:00 +0530 Sat, 24 Jul 2010 15:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46897 Modvat credit under Rule 57Q was considered on the basis of a broad interpretation of "capital goods", including goods not specifically named in the rule if used in manufacture. Earlier Supreme Court authority favouring liberal construction of exemption and credit provisions was applied, and the items in question were not shown to lack actual use in the manufacturing process. On that reasoning, the Tribunal's allowance of credit on the covered items was treated as sufficient, and no separate reference on the proposed question was warranted; the reference petition was rejected. Case-Laws Central Excise Tue, 15 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46897