https://www.taxtmi.com/caselaws?id=86337 Under the pre-amendment Rule 57Q definition of capital goods, only machines, machinery, plant, equipment, and their components, spare parts or accessories used in producing or processing goods, or in bringing about a change in the substance for manufacture, qualified for Modvat credit. EOT cranes used merely for internal movement of materials within the factory were held not to be machinery used for production or processing. Electric wires and cables also failed because no material showed that they were components or accessories of any qualifying machine. The wider definition effective from 16-3-1995 did not apply to the earlier period, so both items remained outside capital goods. en-us Thu, 09 Jan 1997 00:00:00 +0530 Wed, 24 Aug 2011 11:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86337 Under the pre-amendment Rule 57Q definition of capital goods, only machines, machinery, plant, equipment, and their components, spare parts or accessories used in producing or processing goods, or in bringing about a change in the substance for manufacture, qualified for Modvat credit. EOT cranes used merely for internal movement of materials within the factory were held not to be machinery used for production or processing. Electric wires and cables also failed because no material showed that they were components or accessories of any qualifying machine. The wider definition effective from 16-3-1995 did not apply to the earlier period, so both items remained outside capital goods. Case-Laws Central Excise Thu, 09 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86337