https://www.taxtmi.com/caselaws?id=90945 Modvat credit was held admissible on Vacuum Box, Tri Disc Refiner with auto control, Disc for 20" D.D.R., Control Panel, Fourdrinier Wire Cloth and Regular Felts as capital goods under Rule 57Q because each item had a direct nexus with the manufacture of paper and assisted the production process. The reasoning treated capital goods as including not only items that directly effect change in manufacture, but also components and accessories necessary for operation and production. The disallowance by the lower authority was therefore set aside. en-us Thu, 08 Apr 1999 00:00:00 +0530 Wed, 12 Oct 2011 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90945 Modvat credit was held admissible on Vacuum Box, Tri Disc Refiner with auto control, Disc for 20" D.D.R., Control Panel, Fourdrinier Wire Cloth and Regular Felts as capital goods under Rule 57Q because each item had a direct nexus with the manufacture of paper and assisted the production process. The reasoning treated capital goods as including not only items that directly effect change in manufacture, but also components and accessories necessary for operation and production. The disallowance by the lower authority was therefore set aside. Case-Laws Central Excise Thu, 08 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90945