https://www.taxtmi.com/caselaws?id=51405 After the amendment to Rule 57Q, Modvat credit on capital goods depends on use in the factory of the manufacturer and inclusion in the prescribed table, not on direct use in the manufacture of final products. Capital goods used in a training centre forming part of the factory premises were held eligible because the goods were used within the factory and were not excluded from the eligible list. On that basis, denial of credit and the consequential penalty were not justified, and the assessee obtained relief on the credit claim. en-us Fri, 17 May 2002 00:00:00 +0530 Fri, 24 Sep 2010 15:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51405 After the amendment to Rule 57Q, Modvat credit on capital goods depends on use in the factory of the manufacturer and inclusion in the prescribed table, not on direct use in the manufacture of final products. Capital goods used in a training centre forming part of the factory premises were held eligible because the goods were used within the factory and were not excluded from the eligible list. On that basis, denial of credit and the consequential penalty were not justified, and the assessee obtained relief on the credit claim. Case-Laws Central Excise Fri, 17 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51405