https://www.taxtmi.com/caselaws?id=88110 Eligibility for Modvat credit under Rule 57Q depended on the functional nexus of each item with the plant and machinery used in manufacture. Items forming part of the plant or serving as essential instruments or apparatus qualified as capital goods, so electronic control panels, static convertor, chips storage tank, differential pressure transmitter, alternator and spare parts for magnetic clutch for UPS, spin finish metering pump and its spares, fan for 10,000 M3, and air handling filters were treated as eligible. Mercury in a steel dial thermometer and S.S. tanks were not eligible, and heating elements, coil elements and heaters qualified only if used inside the plant in machines or electrical equipment. en-us Tue, 30 Dec 1997 00:00:00 +0530 Thu, 15 Sep 2011 11:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88110 Eligibility for Modvat credit under Rule 57Q depended on the functional nexus of each item with the plant and machinery used in manufacture. Items forming part of the plant or serving as essential instruments or apparatus qualified as capital goods, so electronic control panels, static convertor, chips storage tank, differential pressure transmitter, alternator and spare parts for magnetic clutch for UPS, spin finish metering pump and its spares, fan for 10,000 M3, and air handling filters were treated as eligible. Mercury in a steel dial thermometer and S.S. tanks were not eligible, and heating elements, coil elements and heaters qualified only if used inside the plant in machines or electrical equipment. Case-Laws Central Excise Tue, 30 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88110