https://www.taxtmi.com/caselaws?id=54450 Modvat credit was denied on welding electrodes, H.P. plates, angles and M.S. plates because the items were used for repair and maintenance of machinery, not as capital goods. On that factual basis, they were held outside the ambit of capital goods, and credit was held inadmissible. The earlier authorities cited by the assessee were found inapplicable to those facts, so the denial of credit was upheld. en-us Thu, 12 May 2005 00:00:00 +0530 Wed, 20 Oct 2010 10:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54450 Modvat credit was denied on welding electrodes, H.P. plates, angles and M.S. plates because the items were used for repair and maintenance of machinery, not as capital goods. On that factual basis, they were held outside the ambit of capital goods, and credit was held inadmissible. The earlier authorities cited by the assessee were found inapplicable to those facts, so the denial of credit was upheld. Case-Laws Central Excise Thu, 12 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54450