https://www.taxtmi.com/caselaws?id=53230 Modvat credit under Rule 57Q was confined to goods falling within the rule's definition of capital goods, or to components, parts, spares and accessories of capital goods already covered by it. Storage tanks manufactured and captively used by the assessee did not fall within that coverage, and Serial No. 5 of the table could not apply because the tanks were not goods specified in Serial Nos. 1 to 4. The Board circular did not extend entitlement where the goods themselves were outside the rule. Credit was therefore not admissible. en-us Mon, 19 Jan 2004 00:00:00 +0530 Mon, 11 Oct 2010 17:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53230 Modvat credit under Rule 57Q was confined to goods falling within the rule's definition of capital goods, or to components, parts, spares and accessories of capital goods already covered by it. Storage tanks manufactured and captively used by the assessee did not fall within that coverage, and Serial No. 5 of the table could not apply because the tanks were not goods specified in Serial Nos. 1 to 4. The Board circular did not extend entitlement where the goods themselves were outside the rule. Credit was therefore not admissible. Case-Laws Central Excise Mon, 19 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53230