2003 (5) TMI 294

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..... he 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 is a part of the plant and same is eligible for Modvat credit in terms of Rule 57Q. In this context Shri Narasimha Murth .....

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..... 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 Rules, 1944 in respect of goods received after 1-3-97. 4. In view of this position and taking into consideration the ratio of t .....

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