https://www.taxtmi.com/caselaws?id=88086 Modvat credit under Rule 57Q of the Central Excise Rules, 1944 was examined for Sheet Lifter, Electrodes, Transformer, Transformer Oil, Battery, Grinding Wheel, Electric Cables and Gear Oil/Grease. Because the relevant period was in 1994, the later amended notifications were treated as inapplicable, and the substituted explanation to Rule 57Q was considered in light of cited precedents on the scope of capital goods. On that basis, the listed items other than Transformer Oil were treated as eligible capital goods for Modvat credit, while Transformer Oil was held not admissible. en-us Tue, 16 Dec 1997 00:00:00 +0530 Wed, 14 Sep 2011 18:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88086 Modvat credit under Rule 57Q of the Central Excise Rules, 1944 was examined for Sheet Lifter, Electrodes, Transformer, Transformer Oil, Battery, Grinding Wheel, Electric Cables and Gear Oil/Grease. Because the relevant period was in 1994, the later amended notifications were treated as inapplicable, and the substituted explanation to Rule 57Q was considered in light of cited precedents on the scope of capital goods. On that basis, the listed items other than Transformer Oil were treated as eligible capital goods for Modvat credit, while Transformer Oil was held not admissible. Case-Laws Central Excise Tue, 16 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88086