https://www.taxtmi.com/caselaws?id=792382 Rule 57Q of the Central Excise Rules, 1944, as amended by Notifications No. 14/96-C.E. and 25/96-C.E. (N.T.), was applied to permit Modvat credit on components, spares and accessories of specified capital goods for the period 23 July 1996 to 31 August 1996. The Madras High Court followed its earlier Division Bench ruling and the explanatory circular, and set aside the Tribunal's contrary view as inconsistent with that precedent. The Supreme Court condoned delay and dismissed the Special Leave Petition, stating that it found no reason to interfere with the High Court judgment. en-us Tue, 19 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792382 Rule 57Q of the Central Excise Rules, 1944, as amended by Notifications No. 14/96-C.E. and 25/96-C.E. (N.T.), was applied to permit Modvat credit on components, spares and accessories of specified capital goods for the period 23 July 1996 to 31 August 1996. The Madras High Court followed its earlier Division Bench ruling and the explanatory circular, and set aside the Tribunal's contrary view as inconsistent with that precedent. The Supreme Court condoned delay and dismissed the Special Leave Petition, stating that it found no reason to interfere with the High Court judgment. Case-Laws Central Excise Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792382