https://www.taxtmi.com/caselaws?id=89917 Fork lift trucks used in the factory to handle bulky raw materials and in-process materials could qualify as capital goods under Rule 57Q for Modvat credit. The definition of capital goods was interpreted broadly to include equipment used in the manufacturing stream, even before the insertion of clause (d) on 16-3-1995, where the actual functional use of the equipment showed a nexus with production or processing activity. On that basis, eligibility depended on use in the manufacturing operations rather than the later amendment alone, and credit on the fork lift truck was upheld while the Revenue's challenge failed. en-us Mon, 09 Nov 1998 00:00:00 +0530 Fri, 30 Sep 2011 15:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89917 Fork lift trucks used in the factory to handle bulky raw materials and in-process materials could qualify as capital goods under Rule 57Q for Modvat credit. The definition of capital goods was interpreted broadly to include equipment used in the manufacturing stream, even before the insertion of clause (d) on 16-3-1995, where the actual functional use of the equipment showed a nexus with production or processing activity. On that basis, eligibility depended on use in the manufacturing operations rather than the later amendment alone, and credit on the fork lift truck was upheld while the Revenue's challenge failed. Case-Laws Central Excise Mon, 09 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89917