https://www.taxtmi.com/caselaws?id=92194 Electrical items used for transmission or supply of power, including motors, boards and related components, together with testing equipment used to measure or check electrical quantities, were treated as capital goods for Modvat credit under Rule 57Q(1). The Tribunal relied on earlier larger bench principles that such functional items, when integral to the manufacturing process, fall within the capital goods framework. On that basis, the credit disallowance had no foundation and the penalty under Rule 173Q could not be sustained. The disputed items were therefore eligible for credit and the penalty was set aside in favour of the assessee. en-us Wed, 18 Aug 1999 00:00:00 +0530 Tue, 25 Oct 2011 14:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92194 Electrical items used for transmission or supply of power, including motors, boards and related components, together with testing equipment used to measure or check electrical quantities, were treated as capital goods for Modvat credit under Rule 57Q(1). The Tribunal relied on earlier larger bench principles that such functional items, when integral to the manufacturing process, fall within the capital goods framework. On that basis, the credit disallowance had no foundation and the penalty under Rule 173Q could not be sustained. The disputed items were therefore eligible for credit and the penalty was set aside in favour of the assessee. Case-Laws Central Excise Wed, 18 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92194