2003 (5) TMI 294

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....thy, JDR, for the Respondent. [Order]. - Whether the following items are eligible capital goods to avail Modvat credit in terms of Rule 57Q or not is an issue to be considered herein, (i)       Low Frequency Transmission Kit (ii)      Project Import 2. It was the contention of the party that Low Frequency Transmission Kit i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e 57Q restricting credit to 75 % for Project Import did not affect the quantum of credit in respect of capital goods received prior to 1-3-97. In view of the circular, date of installation is not the relevant date, but the date of receipt of the goods. It was also pointed out by him that in this context Central Board has also issued a Circular amending the erstwhile Rule 57Q of Central Excise Rule....