https://www.taxtmi.com/caselaws?id=52221 Modvat credit under Rules 57A and 57Q was available only where inputs or capital goods had the required nexus with manufacture or use in the factory. Bought out items exported in the same condition, without being used in the factory, did not satisfy that statutory condition and were not eligible for credit. A sugar plant assembled and permanently fixed at the customer's site was treated as immovable property rather than excisable goods, because once erected it ceased to answer the description of goods for excise purposes. The Tribunal therefore treated the credit as wrongly allowed and directed recomputation of the irregular credit and penalty. en-us Fri, 02 May 2003 00:00:00 +0530 Mon, 04 Oct 2010 12:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52221 Modvat credit under Rules 57A and 57Q was available only where inputs or capital goods had the required nexus with manufacture or use in the factory. Bought out items exported in the same condition, without being used in the factory, did not satisfy that statutory condition and were not eligible for credit. A sugar plant assembled and permanently fixed at the customer's site was treated as immovable property rather than excisable goods, because once erected it ceased to answer the description of goods for excise purposes. The Tribunal therefore treated the credit as wrongly allowed and directed recomputation of the irregular credit and penalty. Case-Laws Central Excise Fri, 02 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52221