https://www.taxtmi.com/caselaws?id=51872 The Tribunal held that Modvat credit is not available for capital goods used exclusively for exempted products, even if later used for dutiable products. The Appeal by the Revenue was allowed, setting aside the earlier decision that granted the credit for duty paid on an Electrostatic Powder Coating Unit used for non-dutiable final products. The Tribunal emphasized the importance of compliance with Rule 57R(1) and the requirement of a declaration under Rule 57T(2) for claiming Modvat credit. en-us Fri, 30 May 2003 00:00:00 +0530 Wed, 29 Sep 2010 10:09:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51872 The Tribunal held that Modvat credit is not available for capital goods used exclusively for exempted products, even if later used for dutiable products. The Appeal by the Revenue was allowed, setting aside the earlier decision that granted the credit for duty paid on an Electrostatic Powder Coating Unit used for non-dutiable final products. The Tribunal emphasized the importance of compliance with Rule 57R(1) and the requirement of a declaration under Rule 57T(2) for claiming Modvat credit. Case-Laws Central Excise Fri, 30 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51872