https://www.taxtmi.com/caselaws?id=91036 Modvat credit under Rule 57Q was treated as available for disputed items that functioned as spares and components of plant and machinery used in manufacturing synthetic rubber and ethyl alcohol, because they were regarded as essential parts of capital goods. The chemical spray used for dye penetrant testing was not shown to be capital goods or a qualifying component, so credit on that item was not allowable. The analysis therefore distinguishes eligible capital goods components from consumables or testing chemicals that do not satisfy the rule. en-us Mon, 14 Jun 1999 00:00:00 +0530 Thu, 13 Oct 2011 14:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91036 Modvat credit under Rule 57Q was treated as available for disputed items that functioned as spares and components of plant and machinery used in manufacturing synthetic rubber and ethyl alcohol, because they were regarded as essential parts of capital goods. The chemical spray used for dye penetrant testing was not shown to be capital goods or a qualifying component, so credit on that item was not allowable. The analysis therefore distinguishes eligible capital goods components from consumables or testing chemicals that do not satisfy the rule. Case-Laws Central Excise Mon, 14 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91036