https://www.taxtmi.com/caselaws?id=88365 Unsaturated polyester resin and glass fibres used for lining and periodic reinforcement of wash tanks were not capital goods for Modvat purposes because they did not themselves constitute machinery, plant, equipment, apparatus, tools or appliances used in production or processing. The items were treated as materials used for repair and maintenance of the tanks, rather than as eligible manufacturing equipment. On that basis, Modvat credit was denied, and the rejection of the claim was upheld. en-us Tue, 17 Mar 1998 00:00:00 +0530 Sat, 17 Sep 2011 14:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88365 Unsaturated polyester resin and glass fibres used for lining and periodic reinforcement of wash tanks were not capital goods for Modvat purposes because they did not themselves constitute machinery, plant, equipment, apparatus, tools or appliances used in production or processing. The items were treated as materials used for repair and maintenance of the tanks, rather than as eligible manufacturing equipment. On that basis, Modvat credit was denied, and the rejection of the claim was upheld. Case-Laws Central Excise Tue, 17 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88365