https://www.taxtmi.com/caselaws?id=51872 Modvat credit on capital goods was unavailable where, at the time of receipt and use, the machinery was employed exclusively in manufacturing exempted final products. Rule 57Q permitted credit on duty-paid capital goods, but Rule 57R(1) barred credit when the capital goods were used for final products on which no excise duty was payable. The decisive factor was the position at receipt, and the later withdrawal of exemption or subsequent dutiable use did not revive a credit that was not admissible initially. The absence of the required Rule 57T declaration also supported denial of 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 Modvat credit on capital goods was unavailable where, at the time of receipt and use, the machinery was employed exclusively in manufacturing exempted final products. Rule 57Q permitted credit on duty-paid capital goods, but Rule 57R(1) barred credit when the capital goods were used for final products on which no excise duty was payable. The decisive factor was the position at receipt, and the later withdrawal of exemption or subsequent dutiable use did not revive a credit that was not admissible initially. The absence of the required Rule 57T declaration also supported denial of credit. Case-Laws Central Excise Fri, 30 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51872