https://www.taxtmi.com/caselaws?id=92564 Modvat credit on capital goods was confined to items falling within the statutory definition and having a direct functional nexus with manufacture. Surge arrestors qualified because they functioned as transformer components used in the factory, and the stationary battery qualified because it supported captive power generation linked to cement manufacture. MS angles, columns and girders were excluded as fabrication or construction material for the mill structure, and workshop equipment was excluded because it was used only for repair and maintenance rather than for producing or processing the final product. Credit was therefore admissible only for the surge arrestors and stationary battery. en-us Fri, 15 Oct 1999 00:00:00 +0530 Wed, 02 Nov 2011 15:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92564 Modvat credit on capital goods was confined to items falling within the statutory definition and having a direct functional nexus with manufacture. Surge arrestors qualified because they functioned as transformer components used in the factory, and the stationary battery qualified because it supported captive power generation linked to cement manufacture. MS angles, columns and girders were excluded as fabrication or construction material for the mill structure, and workshop equipment was excluded because it was used only for repair and maintenance rather than for producing or processing the final product. Credit was therefore admissible only for the surge arrestors and stationary battery. Case-Laws Central Excise Fri, 15 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92564