https://www.taxtmi.com/caselaws?id=52585 For Modvat credit under Rule 57Q of the Central Excise Rules, 1944, capital goods had to be used in the factory to qualify; equipment used in mines outside the factory, even if linked to limestone supply for manufacture, did not satisfy that requirement and credit was denied. Conveyor belts used exclusively in the plant were treated as eligible capital goods because that factual position was not rebutted. The dispute was also treated as one of interpretation of the expression "capital goods", so penalty was held unwarranted. en-us Tue, 09 Sep 2003 00:00:00 +0530 Wed, 06 Oct 2010 16:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52585 For Modvat credit under Rule 57Q of the Central Excise Rules, 1944, capital goods had to be used in the factory to qualify; equipment used in mines outside the factory, even if linked to limestone supply for manufacture, did not satisfy that requirement and credit was denied. Conveyor belts used exclusively in the plant were treated as eligible capital goods because that factual position was not rebutted. The dispute was also treated as one of interpretation of the expression "capital goods", so penalty was held unwarranted. Case-Laws Central Excise Tue, 09 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52585