https://www.taxtmi.com/caselaws?id=90526 Push button telephone instruments were held not to qualify as capital goods under Notification No. 123/81 because the notification gave no definition and the term had to be read in the broader statutory and policy context. Capital goods were understood as plant, machinery, equipment or accessories used for production, directly or indirectly, while Rule 57-Q reflected the need for participation in manufacture. Telephone instruments were part of a communication system and aided efficient operations, but they did not directly or indirectly participate in the manufacturing process of the assessee's product. The appeal was rejected. en-us Mon, 20 Jul 1998 00:00:00 +0530 Sat, 08 Oct 2011 11:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90526 Push button telephone instruments were held not to qualify as capital goods under Notification No. 123/81 because the notification gave no definition and the term had to be read in the broader statutory and policy context. Capital goods were understood as plant, machinery, equipment or accessories used for production, directly or indirectly, while Rule 57-Q reflected the need for participation in manufacture. Telephone instruments were part of a communication system and aided efficient operations, but they did not directly or indirectly participate in the manufacturing process of the assessee's product. The appeal was rejected. Case-Laws Central Excise Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90526