https://www.taxtmi.com/caselaws?id=50341 Chlorine cylinders specially designed as pressure vessels with mechanical pressure-regulating devices were treated as capital goods for Modvat credit under Rule 57Q(1) because their role went beyond mere storage or transport. They were integral to the process by which liquefied chlorine acquired commercial existence and marketability, and earlier decisions on gas storage cylinders supported the same approach. On that reasoning, the Revenue's objection was rejected and the grant of Modvat credit was upheld. en-us Thu, 03 Aug 2000 00:00:00 +0530 Sat, 21 Aug 2010 11:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50341 Chlorine cylinders specially designed as pressure vessels with mechanical pressure-regulating devices were treated as capital goods for Modvat credit under Rule 57Q(1) because their role went beyond mere storage or transport. They were integral to the process by which liquefied chlorine acquired commercial existence and marketability, and earlier decisions on gas storage cylinders supported the same approach. On that reasoning, the Revenue's objection was rejected and the grant of Modvat credit was upheld. Case-Laws Central Excise Thu, 03 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50341