https://www.taxtmi.com/caselaws?id=52589 Modvat credit on duty-paid capital goods used for initial setting up of a captive power plant and DG set in the manufacturer's factory was held admissible because the statutory declaration was filed, the work formed part of turnkey installation, and non-dutiability of the electricity generated did not defeat credit. The demand was also held time-barred as there was no suppression with intent to evade duty, so the extended period could not be invoked. Penalty on the contractor for alleged abetment failed because the underlying credit was allowable and no independent culpable contravention was shown. en-us Tue, 07 Oct 2003 00:00:00 +0530 Fri, 05 Jul 2024 22:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52589 Modvat credit on duty-paid capital goods used for initial setting up of a captive power plant and DG set in the manufacturer's factory was held admissible because the statutory declaration was filed, the work formed part of turnkey installation, and non-dutiability of the electricity generated did not defeat credit. The demand was also held time-barred as there was no suppression with intent to evade duty, so the extended period could not be invoked. Penalty on the contractor for alleged abetment failed because the underlying credit was allowable and no independent culpable contravention was shown. Case-Laws Central Excise Tue, 07 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52589