https://www.taxtmi.com/caselaws?id=48153 The High Court upheld the Tribunal's decision to remand the matter to verify whether the assessee had actually availed depreciation on the capital goods. The Court clarified that Modvat credit is not allowable only when the assessee has actually availed depreciation on the capital goods. The appeal filed by the revenue was dismissed as no question of law arose from the impugned order, with no order as to costs. en-us Wed, 20 Jun 2007 00:00:00 +0530 Fri, 03 Nov 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48153 The High Court upheld the Tribunal's decision to remand the matter to verify whether the assessee had actually availed depreciation on the capital goods. The Court clarified that Modvat credit is not allowable only when the assessee has actually availed depreciation on the capital goods. The appeal filed by the revenue was dismissed as no question of law arose from the impugned order, with no order as to costs. Case-Laws Central Excise Wed, 20 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48153