https://www.taxtmi.com/caselaws?id=52626 The Appellate Tribunal clarified that a ship broker could claim credit under 57AB for duty paid on lubricating oil in the ship's engine room tanks if the duty deposit was made as per the Commissioner's order. The Tribunal accepted the appellant's argument that engine tanks should be considered as containing fuel and oil integral to the vessel machinery. However, it ruled that the oil in tanks in the ship's engine room, though located there, did not qualify as integral to the engine for Modvat credit eligibility. Consequently, the appeal was dismissed, highlighting that duty paid on oil could not be used for duty payment on resulting scrap when the ship is dismantled. en-us Fri, 21 Nov 2003 00:00:00 +0530 Wed, 06 Oct 2010 18:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52626 The Appellate Tribunal clarified that a ship broker could claim credit under 57AB for duty paid on lubricating oil in the ship's engine room tanks if the duty deposit was made as per the Commissioner's order. The Tribunal accepted the appellant's argument that engine tanks should be considered as containing fuel and oil integral to the vessel machinery. However, it ruled that the oil in tanks in the ship's engine room, though located there, did not qualify as integral to the engine for Modvat credit eligibility. Consequently, the appeal was dismissed, highlighting that duty paid on oil could not be used for duty payment on resulting scrap when the ship is dismantled. Case-Laws Central Excise Fri, 21 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52626