https://www.taxtmi.com/caselaws?id=53250 Capital goods credit was treated as admissible for a nitrogen gas plant used to generate an essential consumable input for manufacture, because the plant was integral to production. Credit could not be denied merely because the equipment was taken on lease from a person other than a finance company, as the lease condition was not read so narrowly. Storage tanks were also treated as eligible capital goods, and defects in declarations or invoices were regarded as procedural lapses that could attract penalty but not defeat credit where substantive eligibility was established. en-us Fri, 27 Aug 2004 00:00:00 +0530 Mon, 11 Oct 2010 17:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53250 Capital goods credit was treated as admissible for a nitrogen gas plant used to generate an essential consumable input for manufacture, because the plant was integral to production. Credit could not be denied merely because the equipment was taken on lease from a person other than a finance company, as the lease condition was not read so narrowly. Storage tanks were also treated as eligible capital goods, and defects in declarations or invoices were regarded as procedural lapses that could attract penalty but not defeat credit where substantive eligibility was established. Case-Laws Central Excise Fri, 27 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53250