https://www.taxtmi.com/caselaws?id=90687 Storage tanks and dip rods located within a factory and used to store and feed raw materials into the manufacturing line were treated as capital goods for Modvat credit under Rule 57Q because they were integrally connected with the process of manufacture. The reasoning applied a wider understanding of manufacture, recognising that storage and handling of essential raw materials can form part of production when the equipment functions as part of the plant. On that basis, the storage tanks were regarded as plant components eligible for credit, and the denial of Modvat credit was set aside. en-us Wed, 09 Dec 1998 00:00:00 +0530 Mon, 10 Oct 2011 17:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90687 Storage tanks and dip rods located within a factory and used to store and feed raw materials into the manufacturing line were treated as capital goods for Modvat credit under Rule 57Q because they were integrally connected with the process of manufacture. The reasoning applied a wider understanding of manufacture, recognising that storage and handling of essential raw materials can form part of production when the equipment functions as part of the plant. On that basis, the storage tanks were regarded as plant components eligible for credit, and the denial of Modvat credit was set aside. Case-Laws Central Excise Wed, 09 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90687