https://www.taxtmi.com/caselaws?id=88303 A transformer used with an induction furnace to regulate electric energy for melting scrap in the manufacture of MS ingots was treated as capital goods eligible for Modvat credit. The Tribunal distinguished transformers used merely for transmission or voltage conversion and held that, where the transformer forms an integral part of the manufacturing machinery and is essential to the production process, it qualifies for credit. On that basis, the denial of Modvat benefit was reversed in favour of the assessee. en-us Thu, 08 Jan 1998 00:00:00 +0530 Fri, 16 Sep 2011 17:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88303 A transformer used with an induction furnace to regulate electric energy for melting scrap in the manufacture of MS ingots was treated as capital goods eligible for Modvat credit. The Tribunal distinguished transformers used merely for transmission or voltage conversion and held that, where the transformer forms an integral part of the manufacturing machinery and is essential to the production process, it qualifies for credit. On that basis, the denial of Modvat benefit was reversed in favour of the assessee. Case-Laws Central Excise Thu, 08 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88303