https://www.taxtmi.com/caselaws?id=91845 Capital goods credit under Rule 57Q was available for an air compressor, spray guns and their spares because the compressor was not the type excluded as refrigerating or air-conditioning equipment, and compressors had already been recognised as eligible capital goods. The spray guns, mounted on the machine and used as accessories in the manufacturing process, fell within the definition of capital goods under clause (d) of Explanation (1) to Rule 57Q. Parts, components, accessories and spares of eligible capital goods were also entitled to Modvat credit even if classifiable under different tariff headings, provided they were functionally connected with the capital goods used in manufacture. en-us Tue, 08 Jun 1999 00:00:00 +0530 Fri, 21 Oct 2011 14:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91845 Capital goods credit under Rule 57Q was available for an air compressor, spray guns and their spares because the compressor was not the type excluded as refrigerating or air-conditioning equipment, and compressors had already been recognised as eligible capital goods. The spray guns, mounted on the machine and used as accessories in the manufacturing process, fell within the definition of capital goods under clause (d) of Explanation (1) to Rule 57Q. Parts, components, accessories and spares of eligible capital goods were also entitled to Modvat credit even if classifiable under different tariff headings, provided they were functionally connected with the capital goods used in manufacture. Case-Laws Central Excise Tue, 08 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91845