https://www.taxtmi.com/caselaws?id=50719 Modvat credit under Rule 57Q was allowed for transformers, wires and cables, Hysil thermal insulation articles, steel pipes and tubes, and M.S. cable trays because they were treated as capital goods or integral accessories and supporting structures of the manufacturing plant. Credit was denied for construction and mining chemicals, as additives used with cement and concrete for foundations did not meet the capital goods requirement, and for the ice machine and apparatus, which was treated as office equipment. The penalty under Rule 173Q(1) was set aside because no independent basis for penal action was shown and the dispute arose in a bona fide early-stage understanding of Modvat eligibility. en-us Fri, 03 Aug 2001 00:00:00 +0530 Wed, 25 Aug 2010 15:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50719 Modvat credit under Rule 57Q was allowed for transformers, wires and cables, Hysil thermal insulation articles, steel pipes and tubes, and M.S. cable trays because they were treated as capital goods or integral accessories and supporting structures of the manufacturing plant. Credit was denied for construction and mining chemicals, as additives used with cement and concrete for foundations did not meet the capital goods requirement, and for the ice machine and apparatus, which was treated as office equipment. The penalty under Rule 173Q(1) was set aside because no independent basis for penal action was shown and the dispute arose in a bona fide early-stage understanding of Modvat eligibility. Case-Laws Central Excise Fri, 03 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50719