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Issues: Whether brass tubes and pipes used as parts of a boiler were eligible for capital goods credit under Rule 57Q.
Analysis: Boilers were covered by Explanation 1(d) to Rule 57Q, and the parts of boilers were treated as eligible capital goods for the purpose of capital goods credit. On that basis, brass tubes and pipes used as boiler parts fell within the scope of the provision.
Conclusion: The assessee was entitled to capital goods credit on brass tubes and pipes used as parts of the boiler.
Final Conclusion: The departmental challenge to the grant of capital goods credit failed, and the allowance of credit was sustained.
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