https://www.taxtmi.com/caselaws?id=50985 M.S. plates used in fabricating storage tanks were treated as eligible for Modvat credit as capital goods under Rule 57Q because the tanks themselves were recognised as capital goods, so the plates used to make them fell within the same credit entitlement. The claim for Modvat credit on energy saving devices could not be finally decided without a clear finding on their actual use; because the factual position was unresolved, the matter had to be examined afresh by the adjudicating authority after giving the assessee an opportunity to substantiate the claim. en-us Wed, 12 Dec 2001 00:00:00 +0530 Tue, 21 Sep 2010 11:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50985 M.S. plates used in fabricating storage tanks were treated as eligible for Modvat credit as capital goods under Rule 57Q because the tanks themselves were recognised as capital goods, so the plates used to make them fell within the same credit entitlement. The claim for Modvat credit on energy saving devices could not be finally decided without a clear finding on their actual use; because the factual position was unresolved, the matter had to be examined afresh by the adjudicating authority after giving the assessee an opportunity to substantiate the claim. Case-Laws Central Excise Wed, 12 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50985