https://www.taxtmi.com/caselaws?id=86344 Air conditioners installed in a factory were held not to qualify as capital goods for Modvat credit because Rule 57Q requires a functional nexus with the manufacturing stream. Equipment that merely maintains temperature and humidity, without directly participating in production or processing or bringing about a change in the substance of the goods, falls outside the definition of capital goods. The credit claim therefore failed against the assessee. en-us Mon, 13 Jan 1997 00:00:00 +0530 Wed, 24 Aug 2011 12:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86344 Air conditioners installed in a factory were held not to qualify as capital goods for Modvat credit because Rule 57Q requires a functional nexus with the manufacturing stream. Equipment that merely maintains temperature and humidity, without directly participating in production or processing or bringing about a change in the substance of the goods, falls outside the definition of capital goods. The credit claim therefore failed against the assessee. Case-Laws Central Excise Mon, 13 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86344