https://www.taxtmi.com/caselaws?id=92291 Items necessary for carrying on business, which are not consumables and have a fairly high degree of durability, may qualify as "plant" for Modvat credit under Rule 57Q. Applying its earlier decision on the same class of goods, the Tribunal treated the listed items as part of the plant used in the assessee's business and therefore eligible as capital goods. The governing test focused on functional necessity and durability rather than mere description of the items, with the result that Modvat credit was available. en-us Thu, 07 Oct 1999 00:00:00 +0530 Mon, 31 Oct 2011 15:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92291 Items necessary for carrying on business, which are not consumables and have a fairly high degree of durability, may qualify as "plant" for Modvat credit under Rule 57Q. Applying its earlier decision on the same class of goods, the Tribunal treated the listed items as part of the plant used in the assessee's business and therefore eligible as capital goods. The governing test focused on functional necessity and durability rather than mere description of the items, with the result that Modvat credit was available. Case-Laws Central Excise Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92291