https://www.taxtmi.com/caselaws?id=87953 Interchangeable consumable items such as drill bits and cutting blades, fitted into tools or machines and replaced frequently, were not excluded from Modvat credit merely because they were commercially described as tools. The exclusion in the Explanation to Rule 57G applied to tools or appliances that themselves processed or produced goods or brought about a change in substance. Items that were complete goods in themselves but did not independently process or produce goods did not fall within that excluded category. On that basis, such consumable items remained eligible for Modvat credit. en-us Tue, 27 Jan 1998 00:00:00 +0530 Wed, 14 Sep 2011 11:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87953 Interchangeable consumable items such as drill bits and cutting blades, fitted into tools or machines and replaced frequently, were not excluded from Modvat credit merely because they were commercially described as tools. The exclusion in the Explanation to Rule 57G applied to tools or appliances that themselves processed or produced goods or brought about a change in substance. Items that were complete goods in themselves but did not independently process or produce goods did not fall within that excluded category. On that basis, such consumable items remained eligible for Modvat credit. Case-Laws Central Excise Tue, 27 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87953