https://www.taxtmi.com/caselaws?id=52446 Modvat credit on capital goods used to assemble a power plant inside factory premises cannot be denied merely because the plant becomes an immovable property or because the electricity generated is an intermediate product used in manufacture. The text notes that the show cause notice relied only on the immovable-property objection, while settled precedent also supports credit where the plant is used within the production process and the generated electricity is ultimately consumed in making final products. On that basis, the Revenue's challenge failed and the assessee remained entitled to the credit claimed. en-us Tue, 18 Feb 2003 00:00:00 +0530 Tue, 05 Oct 2010 18:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52446 Modvat credit on capital goods used to assemble a power plant inside factory premises cannot be denied merely because the plant becomes an immovable property or because the electricity generated is an intermediate product used in manufacture. The text notes that the show cause notice relied only on the immovable-property objection, while settled precedent also supports credit where the plant is used within the production process and the generated electricity is ultimately consumed in making final products. On that basis, the Revenue's challenge failed and the assessee remained entitled to the credit claimed. Case-Laws Central Excise Tue, 18 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52446