https://www.taxtmi.com/caselaws?id=85424 Fixtures and baskets used to place components in an oven or oil bath were held to fall within the scope of capital goods for Modvat credit under Rule 57Q because they were necessary for the processing operation and for the effective use of the machinery. The definition of capital goods was treated as wide enough to cover machines, machinery, components, spare parts and accessories, and not only items that directly bring about a change in raw material. Denial of Modvat credit on such items was therefore not sustainable, and the credit benefit was available where the goods functioned as accessories essential to processing. en-us Wed, 10 Apr 1996 00:00:00 +0530 Thu, 04 Aug 2011 18:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85424 Fixtures and baskets used to place components in an oven or oil bath were held to fall within the scope of capital goods for Modvat credit under Rule 57Q because they were necessary for the processing operation and for the effective use of the machinery. The definition of capital goods was treated as wide enough to cover machines, machinery, components, spare parts and accessories, and not only items that directly bring about a change in raw material. Denial of Modvat credit on such items was therefore not sustainable, and the credit benefit was available where the goods functioned as accessories essential to processing. Case-Laws Central Excise Wed, 10 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85424