https://www.taxtmi.com/caselaws?id=53256 Modvat credit was treated as inadmissible for air-conditioners installed in an instrumentation room, because the equipment was used only in a peripheral area and not in the actual manufacturing process. Credit was also denied on dumpers and excavators used in mines outside the factory, and on rebars used for laying the foundation for machinery, as civil foundation material was not regarded as components, spares or accessories of machinery, plant or equipment. Penalty was deleted because the credit claim was supported by Tribunal decisions and was made under a bona fide belief of eligibility. The credit disallowance was sustained, but the assessee obtained partial relief through deletion of penalty. en-us Fri, 02 Jul 2004 00:00:00 +0530 Mon, 11 Oct 2010 17:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53256 Modvat credit was treated as inadmissible for air-conditioners installed in an instrumentation room, because the equipment was used only in a peripheral area and not in the actual manufacturing process. Credit was also denied on dumpers and excavators used in mines outside the factory, and on rebars used for laying the foundation for machinery, as civil foundation material was not regarded as components, spares or accessories of machinery, plant or equipment. Penalty was deleted because the credit claim was supported by Tribunal decisions and was made under a bona fide belief of eligibility. The credit disallowance was sustained, but the assessee obtained partial relief through deletion of penalty. Case-Laws Central Excise Fri, 02 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53256