https://www.taxtmi.com/caselaws?id=88675 Oil seals and gaskets used in machinery were treated as admissible capital goods under Rule 57Q because they performed a vital function in the machinery's effective operation. The then-existing Explanation to Rule 57Q, though not specifically naming these items, was read broadly enough to include components, spare parts and accessories of machinery. Their admissibility could not be denied merely because they were consumables. The Revenue's challenge failed, and the finding allowing the goods as capital goods was sustained. en-us Tue, 26 May 1998 00:00:00 +0530 Tue, 20 Sep 2011 14:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88675 Oil seals and gaskets used in machinery were treated as admissible capital goods under Rule 57Q because they performed a vital function in the machinery's effective operation. The then-existing Explanation to Rule 57Q, though not specifically naming these items, was read broadly enough to include components, spare parts and accessories of machinery. Their admissibility could not be denied merely because they were consumables. The Revenue's challenge failed, and the finding allowing the goods as capital goods was sustained. Case-Laws Central Excise Tue, 26 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88675