https://www.taxtmi.com/caselaws?id=88611 Items used in a paper plant for manufacture of paper and paper board were treated as capital goods under Rule 57Q because the definition covered machines, plant, equipment, apparatus, tools, appliances, and their components, spare parts and accessories used for producing or processing goods. The provision was read as beneficial legislation warranting liberal construction, and items installed in and used by the plant for final production were brought within its scope. Accordingly, the disputed items qualified for Modvat credit as capital goods, and relief followed. en-us Fri, 27 Mar 1998 00:00:00 +0530 Tue, 20 Sep 2011 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88611 Items used in a paper plant for manufacture of paper and paper board were treated as capital goods under Rule 57Q because the definition covered machines, plant, equipment, apparatus, tools, appliances, and their components, spare parts and accessories used for producing or processing goods. The provision was read as beneficial legislation warranting liberal construction, and items installed in and used by the plant for final production were brought within its scope. Accordingly, the disputed items qualified for Modvat credit as capital goods, and relief followed. Case-Laws Central Excise Fri, 27 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88611