https://www.taxtmi.com/caselaws?id=87672 Rule 57Q capital-goods credit covers machinery, plant, equipment, apparatus, tools, appliances, and their components, spare parts and accessories when used in manufacture. Oxygen lancing pipes, C.I. trumphets and capacitors qualified because they respectively connected oxygen supply to the furnace, enabled pouring of molten metal into moulds, and regulated power to production equipment; credit was therefore admissible. Tor steel, M.S. rounds and M.S. angles used to construct the building housing a furnace did not qualify because they were not directly used in machinery or equipment. The broader income-tax meaning of "plant" did not apply, and a building did not become plant merely by housing manufacturing operations. en-us Tue, 02 Dec 1997 00:00:00 +0530 Thu, 08 Sep 2011 15:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87672 Rule 57Q capital-goods credit covers machinery, plant, equipment, apparatus, tools, appliances, and their components, spare parts and accessories when used in manufacture. Oxygen lancing pipes, C.I. trumphets and capacitors qualified because they respectively connected oxygen supply to the furnace, enabled pouring of molten metal into moulds, and regulated power to production equipment; credit was therefore admissible. Tor steel, M.S. rounds and M.S. angles used to construct the building housing a furnace did not qualify because they were not directly used in machinery or equipment. The broader income-tax meaning of "plant" did not apply, and a building did not become plant merely by housing manufacturing operations. Case-Laws Central Excise Tue, 02 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87672