https://www.taxtmi.com/caselaws?id=51797 Modvat credit was held admissible on a humidification plant as capital goods because the denial rested on an earlier Tribunal view that had been expressly disapproved by the Larger Bench in Jawahar Mills and affirmed by the Supreme Court. The binding later precedent governed entitlement, so the humidification plant could not be excluded from credit on the basis of the overruled contrary view. The issue was decided in favour of the assessee, confirming that an overruled Tribunal decision cannot control Modvat eligibility where higher authority precedent has settled the position. en-us Wed, 18 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 14:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51797 Modvat credit was held admissible on a humidification plant as capital goods because the denial rested on an earlier Tribunal view that had been expressly disapproved by the Larger Bench in Jawahar Mills and affirmed by the Supreme Court. The binding later precedent governed entitlement, so the humidification plant could not be excluded from credit on the basis of the overruled contrary view. The issue was decided in favour of the assessee, confirming that an overruled Tribunal decision cannot control Modvat eligibility where higher authority precedent has settled the position. Case-Laws Central Excise Wed, 18 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51797