https://www.taxtmi.com/caselaws?id=90972 Control panels qualify as capital goods under Rule 57Q for Modvat credit purposes, and items functionally similar to control panels are treated likewise. Applying the binding Larger Bench view, Panel Board Busters were held eligible for credit on the same basis. The impugned order allowing Modvat credit was therefore consistent with the prevailing legal position, and the Revenue's appeal was rejected. en-us Wed, 28 Apr 1999 00:00:00 +0530 Wed, 12 Oct 2011 18:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90972 Control panels qualify as capital goods under Rule 57Q for Modvat credit purposes, and items functionally similar to control panels are treated likewise. Applying the binding Larger Bench view, Panel Board Busters were held eligible for credit on the same basis. The impugned order allowing Modvat credit was therefore consistent with the prevailing legal position, and the Revenue's appeal was rejected. Case-Laws Central Excise Wed, 28 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90972