https://www.taxtmi.com/caselaws?id=52011 Modvat credit on capital goods under Rule 57AA was confined to goods falling within the specified tariff chapters and statutory description. Storage tanks classified under Chapter 73 were treated as ineligible because they did not fall within the permitted categories, and a later attempt to reclassify them as Heading 84.19 goods did not change their true character. The same reasoning applied to the monorail structure and platforms for drying towers: they were classified under Chapter 73 and were not accepted as machinery parts or components within the capital goods definition. Credit was therefore denied for both sets of goods. en-us Wed, 16 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 17:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52011 Modvat credit on capital goods under Rule 57AA was confined to goods falling within the specified tariff chapters and statutory description. Storage tanks classified under Chapter 73 were treated as ineligible because they did not fall within the permitted categories, and a later attempt to reclassify them as Heading 84.19 goods did not change their true character. The same reasoning applied to the monorail structure and platforms for drying towers: they were classified under Chapter 73 and were not accepted as machinery parts or components within the capital goods definition. Credit was therefore denied for both sets of goods. Case-Laws Central Excise Wed, 16 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52011