https://www.taxtmi.com/caselaws?id=90392 Grinding wheels used in manufacturing motor vehicles and parts were held eligible for Modvat credit because they functioned only as components of larger grinding machinery and could not be used independently. The exclusion under Rule 57A did not apply merely because the goods were described as a tool or part of machinery. On that basis, the disallowance of Modvat credit was set aside and credit was allowed. en-us Sat, 19 Apr 1997 00:00:00 +0530 Fri, 07 Oct 2011 11:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90392 Grinding wheels used in manufacturing motor vehicles and parts were held eligible for Modvat credit because they functioned only as components of larger grinding machinery and could not be used independently. The exclusion under Rule 57A did not apply merely because the goods were described as a tool or part of machinery. On that basis, the disallowance of Modvat credit was set aside and credit was allowed. Case-Laws Central Excise Sat, 19 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90392