https://www.taxtmi.com/caselaws?id=90824 Rough forged steel rounds machined only for fitment in machinery retained their essential character as spare parts and did not become a new product or mere inputs. On that basis, they remained capital goods eligible for Modvat credit under Rule 57Q. The omission to intimate the jurisdictional officer before availing credit was treated as a procedural lapse, not a substantive bar, particularly where the record showed a declaration had been filed and the rule allowed condonation of delay. Revenue's challenge therefore failed, and the credit claim was sustained. en-us Thu, 31 Dec 1998 00:00:00 +0530 Tue, 11 Oct 2011 17:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90824 Rough forged steel rounds machined only for fitment in machinery retained their essential character as spare parts and did not become a new product or mere inputs. On that basis, they remained capital goods eligible for Modvat credit under Rule 57Q. The omission to intimate the jurisdictional officer before availing credit was treated as a procedural lapse, not a substantive bar, particularly where the record showed a declaration had been filed and the rule allowed condonation of delay. Revenue's challenge therefore failed, and the credit claim was sustained. Case-Laws Central Excise Thu, 31 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90824