https://www.taxtmi.com/caselaws?id=92171 Capacitors and reactors were treated as eligible capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, applying the test whether the goods were used in the factory as capital goods rather than requiring direct use in the manufacture of finished products. The analysis relied on the Tribunal's Larger Bench decision and the relevant budget circular. On that basis, Modvat credit was allowed for the disputed items. en-us Tue, 10 Aug 1999 00:00:00 +0530 Tue, 25 Oct 2011 12:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92171 Capacitors and reactors were treated as eligible capital goods for Modvat credit under Rule 57Q of the Central Excise Rules, applying the test whether the goods were used in the factory as capital goods rather than requiring direct use in the manufacture of finished products. The analysis relied on the Tribunal's Larger Bench decision and the relevant budget circular. On that basis, Modvat credit was allowed for the disputed items. Case-Laws Central Excise Tue, 10 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92171